1/2 Groschen - Peter III Type I

Peter III ruled Moldavia in the mid-fifteenth century during a period when the principality was caught between competing pressures from Poland, Hungary, and an expanding Ottoman frontier. His monetary output was modest, and the half-groschen denominations attributed to his reign survive in small numbers — a direct consequence of limited mint production rather than heavy circulation loss. The billon alloy used was already debased relative to earlier Moldavian issues, reflecting the fiscal strain common to the region's smaller principalities during this period.