1 Schilling - Bernd von der Borch Wenden

Bernd von der Borch served as Master of the Livonian Order from 1471 to 1483, a tenure defined largely by his aggressive territorial ambitions against the Archbishop of Riga — a conflict that consumed significant resources and ultimately damaged the Order's political standing in the region. These schillings were the workhouse coinage of the Baltic trade economy, circulating alongside similar issues from Riga, Reval, and Dorpat in a monetary zone that operated largely independent of western European systems.

Billon content in Livonian schillings degraded noticeably across the fifteenth century as the Order's finances tightened. The .281 fineness recorded here places this issue toward the lower end of the series.