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1 Pfennig

Issuer Ulm, City of
Year 1423
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Diameter 12 mm
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Obverse description The municipal arms of Ulm displayed on a pointed shield at center, comprising a chequered chief of three rows above a plain lower half, all contained within a broad beaded border. The shield is rendered in low relief typical of early 15th-century hammered coinage, with the chequers clearly defined in the upper portion of the escutcheon. The surrounding beaded circle is well-formed and serves as the sole decorative frame, with no legend present in the field.
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Reverse description Uniface issue; the reverse is entirely blank, exhibiting only the irregular surface and flow lines characteristic of the hammered planchet, with no design, legend, or decorative element struck.
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Additional information

Ulm's civic coinage rights in the early fifteenth century were a hard-won privilege, with the city repeatedly defending its minting authority against encroachment from both the Habsburgs and the Bishop of Augsburg. This pfennig belongs to a series issued during the period when Ulm was consolidating its position as one of the wealthiest free imperial cities on the upper Danube, its textile trade generating the fiscal base that made small-denomination silver coinage both practical and politically necessary.

Nau's attribution remains the standard reference for Ulm's medieval civic issues, though Binder's earlier classification occasionally diverges on die groupings for this type.

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