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1/2 Kreuzer Kipper

Issuer Lauingen, City of
Year 1620-1622
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Value 1/2 Kreuzer = 4 Heller
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Reverse script Latin
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Edge Plain
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Additional information

Lauingen's Kipper coinage belongs to the most inflationary episode in German monetary history before the twentieth century — the Kipper- und Wipperzeit of roughly 1619–1623, when hundreds of petty German states debased their currencies so aggressively that the entire Holy Roman Empire's small-change economy collapsed. Municipal mints that had no business striking coins were suddenly doing so, flooding markets with underweight copper and billon issues while hoarding full-weight silver.

Lauingen, a small Bavarian Danube town, was among the opportunists. Its participation was brief, which keeps survivors scarce.

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