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4 Pfennig

Issuer Paderborn, City of
Year 1622
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Value 4 Pfennigs (4 Pfennige) (1⁄72)
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Obverse script Latin
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Reverse description Large Roman numeral IIII occupying the central field within a beaded inner circle, denoting the denomination of four Pfennig. The surrounding circular legend reads FERDINAND., referencing the imperial authority of Ferdinand II, with the date 1622 completing the inscription and appearing at the conclusion of the legend outside the beaded circle.
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Additional information

1622 places this squarely in the Kipper- und Wipperzeit, the currency crisis that swept the Holy Roman Empire as mints and money-changers systematically debased coinage to exploit fixed exchange rates. Municipal authorities across Westphalia issued emergency copper fractions to fill the void left by disappearing silver. Paderborn, then a prince-bishopric whose city retained limited minting rights, was among dozens of issuers flooding circulation with small-denomination copper pieces of questionable authority.

The Schwede and Weingärtner references confirm this as a documented local type rather than an unofficial imitation — a distinction that matters, as the period produced both in abundance.

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