1 Schreckenberger - August I Engelsgroschen

The Schreckenberger takes its name from the Schreckenberg mine near Annaberg in the Erzgebirge, where silver strikes in the late fifteenth century gave Electoral Saxony the raw material to issue a new denomination outside the established groschen hierarchy. August I, who ruled from 1553 to 1586, was among the most administratively capable princes of his generation — his reorganization of Saxon mining revenues helped sustain a coinage program of unusual consistency and volume across his reign.

The Engelsgroschen designation reflects an older naming tradition tied to the depicted archangel, persisting in popular use long after the type had been formally rationalized within the Imperial monetary framework established at the 1559 Reichsmünzordnung.