1 Pfennig - Frederick V

Frederick V ruled the Burgraviate of Nuremberg until his death in 1398, during which time the burgraves were in near-constant tension with the city of Nuremberg itself — a conflict that would end with his son Frederick VI selling the burgravial rights to the Hohenzollern line and eventually to Brandenburg in 1415. These small silver pfennigs circulated in a fractured monetary environment, competing with issues from the imperial city, the bishopric of Bamberg, and dozens of minor Franconian authorities within a few miles of each other.