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1 Pfennig

Issuer Ulm, City of
Year 1501-1502
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Technique Hammered
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Obverse description Three municipal shields of arms arranged in a trefoil pattern, each shield facing outward from the center. The uppermost shield, identified as that of Ulm, is surmounted by a crown and displays a checkerboard or dotted field; the two lower shields bear the arms of the associated towns. The design is executed in the crude hammered style typical of late medieval south German small silver coinage, with a granulated beaded border visible along the periphery.
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Edge Plain
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Additional information

Ulm's civic coinage rights were hard-won and fiercely defended — the city obtained imperial minting privileges and periodically clashed with neighboring authorities over the boundaries of those rights throughout the late medieval period. This tiny silver piece was struck at the very moment Ulm stood among the wealthiest free imperial cities in the empire, its linen trade still commanding markets from Lyon to Kraków. At 0.20 g, it sits at the practical floor of silver coinage, the denomination most likely to have passed through the hands of market vendors and day laborers rather than merchants settling accounts.

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