Pfennig - Albert VI

Albert VI held Austria in an almost permanent state of financial crisis, funding near-continuous war against his brother Frederick III through increasingly debased small coinage. These pfennigs, struck across a five-year window of fraternal conflict, were produced at a fineness far below earlier Austrian issues — the silver content degraded progressively as the treasury collapsed under military expenditure. The brothers formally partitioned Habsburg lands multiple times before Albert's death in 1463 ended the dispute without resolution.