Gulden Arms

Nijmegen exercised its minting rights under imperial privilege during the early sixteenth century, and the gulden arms type belongs to a narrow window when the city still functioned as an independent monetary authority within the fractured coinage geography of the Lower Rhine. Production ran across only three years before tightening Habsburg oversight progressively curtailed municipal minting across the region. Surviving examples are scarce; the city's output was modest, and the small striking weight meant these pieces circulated hard.