1/2 Schilling - Philip

Philip the Elector Palatine, who ruled from 1476 until his death in 1508, administered one of the most legally complex territories in the Empire — the Palatinate straddled the Rhine and carried electoral dignity that made its coinage a political instrument as much as a commercial one. Small silver fractions like this half Schilling circulated heavily in Rhine valley trade, where toll revenues and market dues required exact small change that the larger groschen denominations could not efficiently provide.

The reference to Schult#2666 places this firmly within the documented Heidelberg mint production of Philip's later reign.