3 Pfennig - Charles I Kipper

The Kipper und Wipper crisis of 1619–1623 was one of the most disastrous currency debasements in early modern European history, driven by small states and institutions frantically minting debased coinage to pay obligations — then passing the bad money across borders before the collapse arrived. The Teutonic Order, administratively centered at Mergentheim by this period, participated directly. Charles I, as Grand Master, authorized copper issues that would have been unthinkable a generation earlier for an institution that had long maintained silver standards.

The KM#54 attribution places this squarely within the Order's Kipper-period emergency output.