1 Thaler

Nuremberg's status as a Free Imperial City gave its mint the right to strike thalers independently, but by the 1690s that autonomy was increasingly ceremonial — the city's political and commercial weight had been eroding since the Thirty Years' War devastated its trade networks and saddled it with debts it would not fully clear until well into the eighteenth century. The 1694 issue falls squarely in this period of managed decline, struck more for prestige and local financial obligation than for vigorous mercantile circulation.

Davenport's CCT reference places this among the city coinage series rather than the commemorative issues Nuremberg occasionally produced — a distinction that affects how survivors reached collectors.