1 Thaler Peace

Issued to commemorate the Peace of Ryswick, concluded in September 1697 — though Nuremberg struck this piece in anticipation, dated 1696, before the treaty was formally signed. The city had endured the economic strain of the Nine Years' War acutely, its trade routes disrupted and its imperial obligations expensive. Free imperial cities like Nuremberg retained the right to strike commemorative thalers as both civic assertion and diplomatic theater.

The Dav CCT 5668 attribution places it firmly within the city's late 17th-century commemorative sequence, a run notable for its unusually high die workmanship relative to municipal issues of comparable period.