Hälbing 'Löwenkopf Vierzipfliger'

The Counts of Habsburg-Laufenburg were a cadet branch of the main Habsburg line, progressively marginalized through the fourteenth century as the senior branch consolidated territorial control across the Rhine region. By the time these tiny bracteate-style halfpennies were being struck, the Laufenburg line was already in steep dynastic decline — the county itself passed to Habsburg-Austria by 1408, rendering this emission among the last independent issues of a branch that had been hemorrhaging territory for decades.

At 0.18 grams, loss through clipping and wear in circulation was almost guaranteed, which explains why catalogued survivors in clean condition are infrequent enough to warrant three separate reference citations.