2 Kreuzer

Kempten's status as a Free Imperial City was perpetually contested — the city shared its territory uneasily with the powerful Benedictine abbey of Kempten, one of the oldest in the German-speaking world, and the two authorities clashed repeatedly over jurisdiction and coinage rights. This piece was struck at the precise moment the Thirty Years' War was metastasizing across the Empire, with currency debasement running rampant during the so-called Kipper- und Wipperzeit, the inflation crisis of 1619–1623 in which mints across the Reich systematically underweighted small silver coins to exploit exchange rates.

That this piece meets its stated silver content at all marks it as relatively honest coinage for the period.