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Goldgulden

Issuer City of Schaffhausen
Year 1622-1633
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Value 1 Goldgulden (1.5)
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Obverse script Latin
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Reverse description Central field bears a displayed imperial double-headed eagle with spread wings, surmounted by a single Imperial crown, all contained within a beaded inner circle. The eagle is rendered in the bold, somewhat flat style characteristic of early Baroque hammered gold coinage of the Swiss Confederation. The circumferential Latin legend DEVS SPES NOSTRA EST (God is our hope) runs clockwise around the periphery between the beaded circle and the plain rim, punctuated by small decorative stops.
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Schaffhausen's goldgulden issue of this decade falls squarely within the Kipper- und Wipperzeit, the currency debasement crisis that swept the Holy Roman Empire from roughly 1619 to 1623. While lesser mints across the Empire were systematically reducing silver coinage to fund the early Thirty Years' War, Schaffhausen — a small but stubbornly independent Swiss confederate city — maintained its gold at essentially pure fineness, a policy that reflected both civic pride and the practical necessity of preserving trade credibility with its merchant community. The eleven-year span of this type suggests continuous production rather than a single emergency issue.

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