1 Schilling - Ferdinand of Bayern Kipper

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.