1 Groat - Philip the Handsome

Philip inherited Flanders at age sixteen following the death of his mother Mary of Burgundy, with his father Maximilian of Habsburg acting as regent through a deeply contested guardianship that included Philip's own brief captivity by Flemish civic authorities in 1488. By the time this groat was struck, Philip had assumed direct governance of the Low Countries and was working to stabilize a monetary system badly disrupted by years of regency conflict and Flemish municipal resistance to Habsburg authority.

The billon content places this squarely in a broader late-fifteenth-century debasement trend across the Burgundian Netherlands, where maintaining fine silver coinage for small denominations had become economically untenable.