2 Kreuzers - Joachim Ernest

Brandenburg-Ansbach's 1622 coinage falls squarely in the Kipper und Wipper crisis — one of the most destructive monetary debasements in European history, peaking precisely in 1621–1623. Mints across the Holy Roman Empire, including those of the smaller margraviates, raced to strike debased small silver to exploit exchange rate differentials between regions. Joachim Ernest ruled Ansbach from 1603 until his death in 1625, and his administration was among many that participated in — and later had to reckon with — the currency collapse that followed.

The KM#A23 designation suggests a catalogued variety distinct from the main Ansbach 2 Kreuzer sequence of the period.