1 Thaler

Hamburg's thaler coinage of this period was struck under the monetary framework of the Holy Roman Empire's Reichsmünzordnung, but the city's status as a free imperial city gave its mint council unusual latitude in execution. The years 1603–1608 bracket a period of intense commercial expansion, when Hamburg was rapidly absorbing Antwerp's displaced merchant networks following the Spanish reconquest of that city in 1585 — capital and expertise flooding north into the Elbe.

Davenport's CCT designation places this among the commercially-traded thalers distinguished from Hamburg's more ceremonially-struck issues. The KM#30 attribution covers multiple die marriages across the span, and meaningful variation exists between early and late strikes of the type.