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1⁄48 Thaler - Ernest Frederick III
| Issuer | Saxe-Hildburghausen, Duchy of |
|---|---|
| Year | 1770 |
| Type | Standard circulation coin |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Obverse lettering | ERNEST FRID III H S C ET M DVX |
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| Edge | Plain |
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| Additional information |
Ernest Frederick III ruled Saxe-Hildburghausen through decades of chronic insolvency — the duchy was so financially distressed that the Imperial Aulic Council effectively placed it under external fiscal administration for a period in the mid-eighteenth century. Small billon fractions like this 1/48 Thaler were the practical currency of daily commerce in a territory that could rarely afford anything grander, minted in quantities calibrated to immediate need rather than prestige.