2 Pfennig - Joachim Ernest

Joachim Ernest ruled Brandenburg-Ansbach from 1603 until his death in 1625, and the 1622 date places this coin squarely in the Kipper- und Wipperzeit — the catastrophic currency debasement crisis that swept the German states between roughly 1619 and 1623. Smaller territorial mints across the Empire, Ansbach among them, flooded circulation with debased and underweight small coinage to extract seigniorage profit while the monetary system collapsed around them.

Copper issues of this type survived in quantity precisely because nobody wanted them at face value.