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12 Kreuzer 'Kipper-Fürstengroschen' - John Christopher of Brambach
| Issuer | Abbey of Corvey |
|---|---|
| Year | 1621-1622 |
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| Diameter | 24 mm |
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| Obverse description | Central shield bearing the quartered arms of Corvey Abbey, surmounted by an elaborate mitred bishop's crown or abbatial mitre. The shield is flanked by decorative scroll-work mantling. A circular Latin legend reading MON. NOV. AB. CORB. (Nova Moneta Abbatiae Corbeiensis) runs along the coin's periphery. The overall design is characteristic of the Kipper period, struck on a roughly flan with irregular edges typical of hastily produced emergency coinage. |
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| Edge | Plain |
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| Additional information |
The Kipper- und Wipperzeit of 1619–1623 was a currency crisis of extraordinary cynicism: dozens of small German territories — many of them ecclesiastical — exploited imperial minting rights to produce debased small silver at face values wildly above their metal content, then spent the coins as fast as possible before neighboring territories caught on and refused them. Corvey, a prince-abbey on the Weser with the right to strike coin, participated fully. Abbot John Christopher of Brambach issued this 12 Kreuzer precisely during that window of competitive debasement.
The crisis collapsed when the flood of bad coin became impossible to ignore, triggering a deflationary shock across the Reich.