1 Heller

Ulm maintained its status as a Free Imperial City until Napoleon dissolved the Holy Roman Empire's remaining institutions and ceded the city to Bavaria in 1802. These copper heller, struck in the early 1770s, represent some of the final decades of Ulm's independent municipal coinage — an autonomy the city had exercised intermittently since the medieval period. The specific authorization behind the 1772–1773 striking is not well documented, though small copper issues of this kind typically reflect local commercial demand rather than any broader monetary policy decision.