1 Daler - Johan III

Johan III's daler issues coincide with a reign defined by chronic financial strain and his costly ambitions in the Baltic, where Sweden was locked in the Livonian War against a shifting coalition that included Russia, Poland-Lithuania, and Denmark. The crown's silver came largely from German trade networks rather than domestic mines, making consistent bullion supply a recurring problem. Production across the 1569–1592 span was accordingly irregular.

The .875 fineness places these squarely within the standard of the Holy Roman Empire's Reichsthaler — a deliberate alignment meant to facilitate trade with the German Hanseatic ports on which Swedish commerce depended.