Pfennig - Frederick the Fair and Leopold I

Zofingen's coinage rights in this period derived from its status as a Habsburg possession, and this bracteate-style pfennig sits at a complicated dynastic moment — Frederick the Fair and Leopold I were brothers jointly administering Habsburg territories in the years before Frederick's disastrous defeat at Morgarten in 1315 and his subsequent capture by Ludwig of Bavaria at Mühldorf in 1322. The city's own mint output was modest, and pieces from this joint attribution are among the thinner survivals in the HMZ sequence for Aargau municipal issues.