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1 Groschen Matthiasgroschen

Issuer Goslar, City of
Year 1470-1540
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Reference(s) MB#6, BBK#9a2
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Obverse script Latin (uncial)
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Reverse lettering SANCTVS-MATHIAS
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Additional information

Goslar's groschen coinage of this period derives its authority from the city's control of the Rammelsberg silver mines — one of the richest ore deposits in medieval Europe, worked continuously for over a thousand years. The mines funded Goslar's status as an imperial free city and made local silver coinage a practical necessity rather than a political gesture. By the early sixteenth century, the Rammelsberg's output was already declining, and the city's minting activity contracted accordingly.

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