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48 Kipper Kreuzer - Ferdinand II Klagenfurt -St Veit
| Issuer | Habsburg Monarchy (Ferdinand II) |
|---|---|
| Year | 1622 |
| Type | Log in to see details |
| Value | 75 Kreuzer = 1/2 Kipper thaler |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
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|---|---|
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| Reverse description | Imperial double-headed eagle displayed at centre, its wings spread, surmounted by an imperial crown above the heads. An escutcheon bearing the Austrian and Carinthian arms is superimposed on the eagle's breast. The date 1622 is divided across the upper field flanking the crown. A Latin peripheral legend within a beaded border records Ferdinand II's titles as Archduke of Austria and Carinthia, Duke of Burgundy, and further dominions abbreviated as ETC. The overall die work reflects the utilitarian but vigorous engraving style typical of Klagenfurt Kipper coinage. |
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| Mintage | 1622 |
| Additional information |
This piece belongs to the Kipper- und Wipperzeit — the "clipper and see-saw time" — a catastrophic monetary crisis that swept the Holy Roman Empire between roughly 1619 and 1623. Princes, cities, and ecclesiastical authorities across the Empire raced to debase their coinage, farm out mints to private contractors, and flood neighboring territories with underweight silver before the inevitable collapse. Ferdinand II's Styrian and Carinthian mints, including those at Klagenfurt and St. Veit, were no exception.
The crisis coincided almost precisely with the opening phase of the Thirty Years' War, and war finance was inseparable from the debasement. By 1622 the silver content of kreuzer-denomination coins had fallen so far that the face value bore almost no relationship to metal content.