1 Groschen 'Schildgroschen' - Frederick IV, William II and Frederick

The Schildgroschen was among the last significant groschen types produced by the Wettin margraves before the formal partition of their territories reshaped the political geography of Saxony entirely. Frederick IV, William II, and Frederick — ruling jointly as was customary under Wettin co-regency arrangements — issued this type during a period of sustained tension over inheritance rights within the dynasty. Joint-name coinage of this kind was administratively practical but created complications for die production, since attributing specific strikes to individual rulers remains difficult without corroborating documentary evidence.