2 Thalers - Ernest August Harz - Ausbeute - Löser

Ernest August ruled Calenberg from 1679 and spent much of the following decade maneuvering to have his territory elevated to an Electorate — achieved finally in 1692, four years after this series ended. These Ausbeute pieces were struck directly from silver mined in the Harz Mountains, a distinction that gave them both ceremonial weight and a specific legal identity separate from ordinary coinage. The Harz mining operations were a central pillar of Guelph finances, and presentation-grade multiples like this Löser were instruments of dynastic display as much as anything else.

Lösers of this type rarely circulated. They were gifted, displayed, and archived.