2 Schillings

Hamburg's Schilling coinage of this period was produced under the city's independent monetary authority, which jealously guarded its minting rights against repeated pressure from the Holy Roman Emperor to conform to imperial coin standards. The years 1614–1617 fall squarely within the lead-up to the Kipper- und Wipperzeit, the currency crisis of 1619–1623 in which dozens of German mints — Hamburg among the more disciplined — debased their coinage catastrophically to exploit arbitrage between bullion and face values.

Gaedechens' reference remains the authoritative die study for Hamburg civic coinage of this era.