24 Kreuzer - John George I

The 24 Kreuzer denomination was a creature of the Kipper- und Wipperzeit — the "clipping and see-sawing" crisis of 1619–1623 in which German states, Saxony included, debased their coinage aggressively to exploit the fixed exchange rates of neighboring territories before those rates collapsed. Mints across the empire were effectively running a competitive debasement race, and electoral Saxony was no innocent bystander.

John George I later positioned himself as a monetary reformer once the crisis burned itself out, but his mints were fully engaged during the worst years of it. KM#202 dates to the peak of that inflationary episode.