Pfennig - Frederick III

Frederick III of the Duchy of Styria — known as Frederick the Fair — was also claimant to the Holy Roman imperial throne, contesting it against Louis IV of Bavaria in a dispute that dragged on for years and included Frederick's capture at the Battle of Mühldorf in 1322. These small bracteate-style pfennigs circulated during a politically fractured period in the Austrian duchies, when Styrian monetary output served local trade networks largely independent of imperial fiscal control. The CNA D120 classification places this within a well-documented Styrian sequence, though individual die attributions within the 1325–1360 span remain contested among specialists.