Angster

The Angster was Zürich's smallest silver denomination, struck to meet the chronic shortage of low-value coinage that plagued Swiss city-states throughout the early fifteenth century. Municipal minting rights, jealously guarded and frequently contested between cities, bishops, and the Habsburg administration, gave Zürich the authority to flood local markets with these tiny pieces — which it did, aggressively, through much of the 1400s.

The HMZ 2#1114d attribution places this within a closely grouped series distinguished by minor die variations that Hürlimann catalogued with unusual precision for the period.