1 Thaler - Frederick V

Frederick V ruled Baden-Durlach during one of the most turbulent stretches of the Thirty Years' War, and his margraviate paid dearly for backing the Protestant Union. Following the catastrophic defeat at the Battle of Wimpfen in May 1622, Frederick was placed under imperial ban and his territories occupied by Catholic League forces. This thaler was struck two years into that occupation, almost certainly from a rump administration operating under severe constraint. That coinage continued at all under such conditions makes surviving examples historically pointed.