1 Pfennig - Freytag von Loringhoven Wenden

The Livonian Order — a autonomous branch of the Teutonic Knights governing the Baltic territories — issued local coinage through its successive Masters, each piece tied directly to the tenure of the individual named. Bernd von der Borch's successor, Johann Freytag von Loringhoven, served as Master from 1483 to 1494 during a period of mounting pressure from both the growing power of Muscovy to the east and deteriorating relations with the Archbishop of Riga. The pfennig denomination in billon was the workhorse of local trade, thin and small enough that surviving examples in any readable condition are genuinely scarce.