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1 Goldgulden

Issuer Nuremberg, Free imperial city of
Year 1620-1623
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Shape Round
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Obverse description Imperial double-headed eagle displayed in the field, with wings spread, each head facing outward, a shield bearing the letter 'N' (for Nuremberg) superimposed on the eagle's breast. The date appears divided in the upper field flanking the eagle's heads. A circular legend in Latin surrounds the central device, reading along the coin's periphery within a beaded border.
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Reverse description Saint Lawrence (Laurentius), patron saint of Nuremberg, depicted standing three-quarter left, his body slightly turned, holding a gridiron — the instrument of his martyrdom — in one hand and a palm branch symbolizing his sainthood in the other. The figure is rendered in the late medieval/early baroque style typical of Nuremberg coinage of the period, with drapery details visible. A circular Latin legend surrounds the saint within a beaded border.
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Additional information

Nuremberg's gold coinage of this period was produced under considerable strain. The Kipper- und Wipperzeit — the catastrophic debasement crisis that swept the Holy Roman Empire from roughly 1619 to 1623 — drove most gold from circulation as holders hoarded anything of reliable fineness while the market flooded with debased copper-washed silver. That Nuremberg continued striking high-fineness gold through these years reflects the city's determination to preserve its commercial credibility with trading partners who had stopped trusting imperial coinage altogether.

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