Ferdinand II recaptured Bohemia following the Battle of White Mountain in 1620, and the subsequent monetary reforms of 1623–1624 were among the most exploitative in Central European history — the so-called "long mint" consortium debased the coinage so aggressively that prices across Bohemia roughly tripled within two years. By 1627, when this piece was struck at Kuttenberg (Kutná Hora), the worst of the debasement had nominally ended, though confidence in Habsburg Bohemian coinage had not recovered. Kuttenberg's mint had been one of the most productive silver operations in medieval Europe, fed by the rich Bohemian ore deposits that had largely exhausted themselves by this period.
Ferdinand II recaptured Bohemia following the Battle of White Mountain in 1620, and the subsequent monetary reforms of 1623–1624 were among the most exploitative in Central European history — the so-called "long mint" consortium debased the coinage so aggressively that prices across Bohemia roughly tripled within two years. By 1627, when this piece was struck at Kuttenberg (Kutná Hora), the worst of the debasement had nominally ended, though confidence in Habsburg Bohemian coinage had not recovered. Kuttenberg's mint had been one of the most productive silver operations in medieval Europe, fed by the rich Bohemian ore deposits that had largely exhausted themselves by this period.