Issued in 1622, this coin belongs to the inflationary surge known in German-speaking lands as the Kipper- und Wipperzeit — roughly 1619 to 1623 — when territorial mints across the Holy Roman Empire systematically debased their coinage by reducing silver content while maintaining face values. Schaffhausen, a small but independent Swiss canton, was not immune. The billon composition of this piece is itself a direct artifact of that crisis.
The HMZ suffix "e" indicates this falls within a numbered die sequence documented by Hürlimann, confirming it as one of several known variants struck during this single turbulent year.
Issued in 1622, this coin belongs to the inflationary surge known in German-speaking lands as the Kipper- und Wipperzeit — roughly 1619 to 1623 — when territorial mints across the Holy Roman Empire systematically debased their coinage by reducing silver content while maintaining face values. Schaffhausen, a small but independent Swiss canton, was not immune. The billon composition of this piece is itself a direct artifact of that crisis.
The HMZ suffix "e" indicates this falls within a numbered die sequence documented by Hürlimann, confirming it as one of several known variants struck during this single turbulent year.