1 Pfennig - Ernest I, Rudolph IV and Wolfgang

This joint issue reflects the awkward co-rulership arrangement that followed the death of Anhalt's previous generation, with Ernest I, Rudolf IV, and Wolfgang governing collectively under the agnatic inheritance customs common to German princely houses of the period. The tiny silver content — barely registering as a coin by any practical measure — was characteristic of the lowest denomination pfennig issues circulating in the fractured monetary environment of early sixteenth-century Saxony and its neighbors, where dozens of competing mints produced pfennigs of wildly inconsistent fineness.