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1 Schilling - Ferdinand of Bayern Kipper
| Issuer | Bishopric of Paderborn |
|---|---|
| Year | 1620-1621 |
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| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Silver |
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| Diameter | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Crowned double-headed imperial eagle displayed with spread wings, the breast bearing an orb inscribed with the numeral 21, denoting the coin's value of one twenty-first of a Thaler. The eagle is boldly struck and centrally placed within the field, with the surrounding Latin legend referencing the Paderborn territorial mint and the coin's tariff. The overall style reflects the debased Kipper und Wipper coinage period of the early 1620s. |
| Reverse script | Latin |
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| Additional information |
This piece dates to the Kipper- und Wipperzeit — the "clipping and see-sawing" currency crisis that swept the Holy Roman Empire between roughly 1619 and 1623. Municipal authorities, minor princes, and ecclesiastical lords debased their coinages aggressively, minting vastly overvalued small silver at reduced fineness to exploit fixed exchange rates before neighboring territories caught on. The Bishopric of Paderborn was no passive bystander; Ferdinand of Bayern, simultaneously holding the Bishopric of Münster, leveraged both jurisdictions during this period.
The crisis collapsed when enough territories refused debased coins at face value, triggering runs on exchange houses across the Rhineland and Westphalia.