2 Pfennig - Frederick V of Denmark

Frederick V's Danish administration of Oldenburg was largely absentee — the county had been under Danish crown control since 1667, and by the 1760s it functioned as a peripheral territory managed through appointed officials rather than any meaningful ducal court. This 1764 issue reflects that administrative distance: small billon fractions like this were struck to satisfy local circulation needs in a county that the crown considered an afterthought. The following year, 1765, Frederick V died, and Oldenburg's status would eventually shift dramatically when it passed to the Holstein-Gottorp line in 1773.