1 Pfennig - John Ⅳ

The Landgraviate of Leuchtenberg was among the smallest and most financially marginal of the German imperial territories, a landlocked enclave in the Upper Palatinate whose rulers spent much of the late fifteenth and early sixteenth centuries negotiating their survival between the ambitions of Bavaria and the Bohemian crown. John IV's reign of over four decades produced relatively little coinage, and the pfennig issues attributed to his rule are poorly documented in contemporary mint records — the references themselves disagree on quantities and sequence.

At 0.25g, this is bracteate-adjacent territory: a coin produced more to assert minting rights than to facilitate trade.