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12 Pfennig - Ernest III
| Issuer | Holstein-Schaumburg-Pinneberg, County of |
|---|---|
| Year | 1621 |
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| Currency | Thaler |
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| Obverse description | Central quartered shield of arms with a central escutcheon, the whole superimposed upon a long cross extending to the coin's edge, dividing the surrounding legend into four segments. A large crown surmounts the shield at top. The arms display the heraldic devices of the County of Holstein-Schaumburg-Pinneberg, rendered in the bold, somewhat crude style typical of early seventeenth-century hammered coinage. The legend, interrupted by the arms and cross, reads in abbreviated Latin identifying the ruling count Ernest III. |
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| Obverse script | Latin |
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| Additional information |
Issued during the Kipper und Wipper period — the currency debasement crisis that swept the German states between roughly 1618 and 1623 — this piece belongs to one of the most chaotic episodes in early modern monetary history. Dozens of petty German lords exploited the absence of imperial enforcement to mint debased coinage at a profit, flooding neighboring territories and triggering retaliatory debasements in a race to the bottom. Holstein-Schaumburg-Pinneberg, a minor county in the northwest, was no exception.
Ernest III died in 1622, making this among his final issues.