1 Pfennig - John III and Frederick VI

The Burgraviate of Nuremberg was already in terminal decline by 1396 — the Hohenzollern burgraves had sold the city of Nuremberg itself to the Holy Roman Emperor in 1427, and the burgraval title was becoming increasingly nominal throughout the late 14th century. This piece was struck under joint rule of John III and Frederick VI, the latter of whom would go on to become Elector of Brandenburg in 1415, transforming a minor Franconian burgrave line into one of the most powerful dynasties in the Empire.