Denier Bracteate - Anonymous

The Teutonic Order began striking its own coinage in Prussia following the conquest of the region from the Prussian pagans, asserting financial independence from the scattered local currencies that had previously circulated. These thin, single-sided billon pieces were produced at a weight so reduced that they functioned more as accounting tokens than durable trade coins — a pragmatic response to chronic silver shortages in the Baltic during the early fourteenth century.

The anonymous attribution reflects standard Teutonic minting practice of the period; individual Hochmeisters were not identified on coinage until later in the century.