Schilling

Zug was among the smallest and least populous of the Swiss cantons, and its cantonal coinage was issued in correspondingly modest quantities. By 1783, billon schillings of this type were already something of an anachronism — the major trading cantons had long since moved toward heavier silver issues for commercial use, while Zug continued producing petty billon coinage primarily to satisfy local wage and market transactions. The HMZ reference places this squarely within a short emission sequence that effectively ended with the Helvetic Republic's monetary consolidation after 1798.