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Pfennig - Frederick III

Issuer Duchy of Styria (Austrian States)
Year 1325-1360
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Currency Pfennig (800-1500)
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Obverse description Central field features a small convex shield charged with a fess, surrounded by three unicorn heads arranged in rotational symmetry. The composition is enclosed within a beaded inner circle with an additional pearl border, typical of the Styrian bracteate-influenced pfennig tradition. The design is rendered in low relief consistent with hammered medieval coinage. The overall execution reflects the provincial workshop style of mid-fourteenth century Austrian ducal minting.
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Reverse description Uniface issue; the reverse is blank, exhibiting only the incuse impression of the obverse design transferred through the hammering process, with no intentional devices, legends, or decorative elements.
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Additional information

Frederick III of Habsburg ruled Styria during a period of dynastic consolidation following the extinction of the Babenberg line, with the Habsburgs having secured the duchy only in 1276 under Rudolf I. These bracteate-style pfennigs were struck under feudal minting rights that the Habsburgs jealously guarded as a revenue instrument — the seigniorage margin on thin silver fractions was substantial relative to metal content.

CNA D97 places this type within a sequence that spans nearly four decades, suggesting dies were reused or recut across multiple minting episodes rather than retired annually.

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