1 Kreuzer

Ulm retained the right to strike its own coinage as a Free Imperial City until Napoleon dissolved the Holy Roman Empire and absorbed the city into Württemberg in 1810. This issue falls squarely within that final century of municipal minting autonomy — a period when small silver fractions like this were increasingly squeezed by the proliferation of larger territorial coinages from surrounding Baden and Bavaria. The two-year window of 1703–1704 likely reflects a specific civic authorization rather than continuous production, though the surviving population is too thin to say much more with confidence.