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1 Kreuzer - Henry V of Knörringen Kipper
| Issuer | Bishopric of Augsburg (German States) |
|---|---|
| Year | 1621 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Copper |
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| Diameter | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
| Obverse lettering | 1621 HAE 1 20 |
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| Additional information |
The Kipper und Wipper crisis of 1621–1622 was one of the most destructive currency debasements in German history, driven by dozens of small ecclesiastical and secular states — Augsburg's bishopric among them — racing to mint the lowest-quality coins possible, collect seigniorage profits, then flood neighboring territories with the debased issue before the inevitable collapse. Bishop Heinrich V von Knörringen participated openly in this race. The copper kreuzer was essentially worthless on arrival, its face value bearing no relationship to its metal content.