1 Pfennig - Ernest I

Ernest I ruled Bavaria-Munich jointly with his brother William III following the partition of the Wittelsbach territories in 1392, an arrangement that produced administratively distinct coinages even between closely related lines. The Munich duchy's pfennig issues of this period reflect the broader debasement creeping through southern German silver coinage in the late fourteenth century — the half-fine standard here was already a concession to metal shortages and the pressures of territorial financing.

Wittelsbach 178 is the standard attribution for this type within the Emmerich collection cataloguing system.