Pfennig - Frederick III

Frederick III of Habsburg ruled Styria during a period of persistent dynastic friction between the Albertinian and Leopoldine lines — the division formalized at the Treaty of Neuberg in 1379 would come just after his reign, but its tensions were already reshaping administration and minting authority throughout the Alpine duchies. These thin, bracteate-style pfennigs were the working currency of the region, circulating alongside the larger groschen issues but serving local markets where small change mattered more than prestige coinage. At 0.55 g, survival in any condition requires luck; the fabric is unforgiving.