1 Pfennig - Balthasar II, Günther XXXIX and Henry XXXI

Schwarzburg's joint coinages under co-ruling counts were a persistent feature of the dynasty's fragmented governance, and this pfennig reflects the brief administrative overlap between Balthasar II, Günther XXXIX, and Heinrich XXXI during the early 1520s — a period when the county was also absorbing the first shockwaves of Lutheran reform spreading outward from Wittenberg, barely 150 kilometers to the northeast. At 0.26 grams of silver, these were working coins, and surviving examples in any meaningful state of preservation are genuinely scarce.