1 Schilling - Philip I

Philip I, Count Palatine of the Rhein and Duke of Bavaria, held the Upper Palatinate during a period when the proliferation of small regional silver coinages across the Holy Roman Empire was becoming administratively unmanageable. The Schilling functioned as a regional accounting unit as much as a circulating coin, its value constantly renegotiated against the taler-weight standards being hammered out at imperial monetary diets. Philip died in 1508, making the terminal date of this issue coincide precisely with the end of his rule.