1/2 Gulden - Julius Frederick Kipper, Hirschgulden

Julius Frederick of Württemberg-Weiltingen was among the most aggressive participants in the Kipper- und Wipperzeit, the currency crisis of 1619–1623 in which German princes systematically debased their coinage, clipped good silver, and restruck it at wildly inflated face values before the scheme collapsed. This half gulden is a product of that deliberate fraud — minted to extract maximum seigniorage while the window of opportunity remained open.

Württemberg-Weiltingen was a minor partition of the Württemberg line with limited financial resources, which made Kipper-era minting politically attractive and practically short-lived. The KR Neben designation places this squarely in Krug's supplementary listings for the region's irregular issues.