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1 Pfennig Kipper

Issuer Mühlhausen, Free imperial city of
Year 1621
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Value 1 Pfennig (1⁄288)
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Obverse script Latin
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Mintage 1621 - (16)Z1
Additional information

Mühlhausen's copper Kipper pfennig belongs to the most chaotic episode in German monetary history. The Kipper- und Wipperzeit — roughly 1619 to 1623 — saw hundreds of mints, cities, and petty lords deliberately debase their coinage to exploit fixed exchange rates, flooding the Empire with underweight and low-alloy small change before dumping the worthless coins on neighboring territories. Mühlhausen, as a Free Imperial City in Thuringia, had the minting rights to participate, and participate it did.

At 0.35 g, this piece is copper through and through — no pretense of silver content whatsoever, which puts it at the blunter end of Kipper debasement practice.

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