Thaler Double-headed eagle

Lucerne struck thalers under the authority granted by the Holy Roman Empire to Swiss cantons and cities, but 1622 places this piece squarely within the Kipper und Wipper crisis — one of the worst currency debasements in early modern European history. Neighboring states were flooding circulation with underweight, debased coinage to extract silver profit, and the pressure on honest issuers like Lucerne was considerable. A full-weight thaler from this moment is not an unremarkable survival.

Wielandt's attribution as L#84 and KM#24 confirms this as a recognized type rather than an off-metal or trial piece. The Haas reference adds a third concordance, suggesting enough surviving examples exist for cross-catalog study.