Otakar IV ruled Styria through a period of intense rivalry between the Babenbergs and the Styrian margraves, ultimately resolving it himself: in 1186 he signed the Georgenberger Handfeste, a hereditary treaty ceding Styria to the Babenberg Duke Leopold V upon his death. He died in 1192, childless, and the duchy passed exactly as arranged. This coin predates that agreement and circulated under a ruler who knew his dynasty was ending.
Otakar IV ruled Styria through a period of intense rivalry between the Babenbergs and the Styrian margraves, ultimately resolving it himself: in 1186 he signed the Georgenberger Handfeste, a hereditary treaty ceding Styria to the Babenberg Duke Leopold V upon his death. He died in 1192, childless, and the duchy passed exactly as arranged. This coin predates that agreement and circulated under a ruler who knew his dynasty was ending.