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Szeląg litewski - Jan II Kazimierz Waza Kowno mint
| Issuer | Polish–Lithuanian Commonwealth |
|---|---|
| Year | 1665 |
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| Value | Log in to see details |
| Currency | First Zloty (1573-1795) |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse script | Latin |
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| Mintage | 1665 - LK65.A.21 - 1665 - LK65.A.22 - 1665 - LK65.A.23 - 1665 - LK65.A.24 - |
| Additional information |
The Lithuanian szeląg of Jan II Kazimierz belongs to one of the most chaotic monetary episodes in the Commonwealth's history. Faced with catastrophic war debt from the Swedish invasion known as the Deluge and simultaneous conflicts with Muscovy and the Cossacks, the royal treasury authorized a massive copper coinage beginning in the early 1660s — effectively an inflationary emergency measure. The Kowno mint was among several Lithuanian facilities pressed into service to meet the demand.
Contemporary merchants complained bitterly about the flood of copper schillings, and Sejm records from the period document repeated attempts to limit or halt production. Gresham's Law played out in textbook fashion: silver vanished from circulation almost immediately.