1 Dreier - Christian I, Augustus, Louis I, John Casimir, George Aribert and John VI Kipper

The Kipper und Wipper crisis of 1619–1622 was one of the most catastrophic monetary debasements in German history, driven by dozens of small states — Anhalt among them — frantically minting underweight, debased coins to pay war debts and exploit exchange rate differentials at neighboring mints. At its peak, the face value of circulating billon bore almost no relationship to its silver content. This piece, issued jointly under six Anhalt rulers, reflects the fractured inheritance structure of the principality, which had been repeatedly subdivided among heirs of the Ascanian line.

The crisis collapsed under its own weight in 1622, the same year this coin was struck.