Pfennig - Frederick III

Frederick III (known as Frederick the Fair) struck these pfennigs during a period when his claim to the German throne was fiercely contested — he and Louis IV of Bavaria fought a civil war over the kingship that culminated at the Battle of Mühldorf in 1322, where Frederick was captured and held prisoner until 1325. Coin production continued in his name throughout, the duchy's minting apparatus functioning independently of the dynastic chaos above it.

The CNA B227 classification places this within the Wiener Pfennig tradition, the thin bracteate-influenced silver coinage that dominated Austrian circulation through the fourteenth century.