1 Pfennig - Ulrich III von Spanheim St. Veit

Ulrich III ruled Carinthia during a period of intense dynastic pressure — the Spanheim line was nearing extinction, and territorial disputes with the Habsburgs and the Kingdom of Bohemia would define the duchy's final independent decades. These small silver fractions circulated in a region that was politically fragile but economically active along the trade routes connecting northern Italy to the Danube basin. St. Veit an der Glan served as the ducal seat and primary mint center throughout the Spanheim period.

The CNA classification places this firmly within the Carinthian bracteate-influenced pfennig tradition, struck thin enough that die alignment and centering vary considerably across surviving examples.