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1 Pfennig - Stephan III and John II 2nd type

Issuer Duchy of Bavaria-Landshut
Year 1395-1397
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Currency Pfennig
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Reverse description Incuse mirror impression of the obverse type, as is typical of thin hammered silver pfennigs of this period, presenting a shadowed, recessed rendition of the stag's head and flanking rosette ornaments. The strike is irregular, consistent with hand-hammered production on a roughly-cut flan. No inscription or additional device is present on the reverse.
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Mintage ND (1395-1397)
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Bavaria-Landshut's division from the larger Wittelsbach inheritance had been formalized decades earlier, and Stephan III and John II ruled the duchy jointly — a co-rule arrangement that was administratively awkward and fiscally contentious. Small silver pfennigs of this type circulated in a regional economy still absorbing the disruptions of the Black Death's second and third waves, with labor scarcity having reshuffled trade patterns across the Bavarian duchies throughout the latter fourteenth century. Hahn 100 distinguishes this as the second type within their joint coinage, implying at minimum one documented die or design revision during a reign of under three years.

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