12 Pfennig - Ernest III

发行方	Holstein-Schaumburg-Pinneberg, County of
年份	1621
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面值	12 Pfennigs (12 Pfennige) (1⁄21)
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背面描述	Crowned double-headed imperial eagle displayed, with wings spread, supporting a central orb on the breast inscribed with the denomination numeral '12'. A partial Latin legend surrounds the eagle in the field, referencing the Landmünze coinage authority. The strike is typical of the kipper and wipper period, struck on an irregular hammered flan.
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背面铭文	F. LANDT. MVN(T). ZV. IZ.
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附加信息	1621 places this squarely in the Kipper und Wipperzeit — the currency debasement crisis that swept the Holy Roman Empire during the opening years of the Thirty Years' War. Smaller territories exploited the chaos systematically, minting overvalued coins well above their silver content and spending them into circulation before the market corrected. Holstein-Schaumburg-Pinneberg was no innocent bystander in that scheme. Ernest III ruled a fragmented county already squeezed between larger powers. The 1.74g silver weight is worth scrutinizing against contemporary standards — Kipper-era coins from minor counts routinely fell 20–40% below their nominal metallic value.

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