Classical Numismatics Discussion - Members' Coin Gallery
  Welcome Guest. Please login or register. Share Your Collection With Your Friends And With The World!!! A FREE Service Provided By Forum Ancient Coins No Limit To The Number Of Coins You Can Add - More Is Better!!! Is Your Coin The Best Of Type? Add It And Compete For The Title Have You Visited An Ancient Site - Please Share Your Photos!!! Use The Members' Coin Gallery As A Reference To Identify Your Coins Please Visit Our Shop And Find A Coin To Add To Your Gallery Today!!!

Member Collections | Members' Gallery Home | Login | Album list | Last uploads | Last comments | Most viewed | Top rated | My Favorites | Search
Home > Members' Coin Collection Galleries > Stkp > EUROPE: Miscellaneous Medieval & Early Modern
Austria.  Albert II (the Wise), Duke of Austria and Styria (1330-1358)
Luschin/Szego 140, CNA B 236.

AR Pfennig, Vienna mint, 14-15 mm.

Obv: Hare facing left.

Rev:  Shield.

“Until the 12th century, coins were needed above all for exports; daily transactions were generally barter transactions.  As the economy began to operate increasingly on the principle of the division of labor and as cities began to grow, money started to acquire more and more importance for regional trade.  Municipal records show that even in Austria under Babenberg rule, money payments to feudal lords began to replace payments in kind.  The growing monetarization of society ushered in a new phase in the history of coins.  Monetary systems became regionalized.  The denar, formerly used for external trade and exports, was replaced by the regional pfennig.  New monetary borders came into existence, within which the rulers with coinage rights tried to enforce the compulsory, exclusive use of their own coins.  Under Babenberg rule, the Vienna pfennig was accorded the role of regional money used in Austria.  The Vienna pfennig came into its own when the mint was moved from Krems to Vienna at the end of the 12th century.  It served as a means of payment for daily monetary transactions and remained a monetary unit even when large foreign coins were used to settle the growing volume of trade transactions – gold coins such as the Venetian or Florentine ducat and large silver coins like the Prague groschen.  In the course of the 14th century, it became established as a currency in nearly the entire area covered by modern-day Austria, with the exception of Tyrol and Vorarlberg.”  (“Money and Trade during the Era of the Silver Pfennig.”  Oesterreichische Nationalbank <http://www.oenb.at/en/ueber_die_oenb/geldmuseum/ oesterr_geldgeschichte/ geld_und_handel/money_and_trade_during_the_era_of_the_silver_pfennig.jsp>

“It is assumed that most of the 13th and 14th century reverses are not legible at all.  This is entirely normal as the obverses were usually struck after the reverses.” (Szego, at 52).  The reverse of this issue was the arms of mintmaster Heinrich Schucheler (per Jean Elsen, List 263 Lot 395).

Austria. Albert II (the Wise), Duke of Austria and Styria (1330-1358)

Luschin/Szego 140, CNA B 236.

AR Pfennig, Vienna mint, 14-15 mm.

Obv: Hare facing left.

Rev: Shield.

“Until the 12th century, coins were needed above all for exports; daily transactions were generally barter transactions. As the economy began to operate increasingly on the principle of the division of labor and as cities began to grow, money started to acquire more and more importance for regional trade. Municipal records show that even in Austria under Babenberg rule, money payments to feudal lords began to replace payments in kind. The growing monetarization of society ushered in a new phase in the history of coins. Monetary systems became regionalized. The denar, formerly used for external trade and exports, was replaced by the regional pfennig. New monetary borders came into existence, within which the rulers with coinage rights tried to enforce the compulsory, exclusive use of their own coins. Under Babenberg rule, the Vienna pfennig was accorded the role of regional money used in Austria. The Vienna pfennig came into its own when the mint was moved from Krems to Vienna at the end of the 12th century. It served as a means of payment for daily monetary transactions and remained a monetary unit even when large foreign coins were used to settle the growing volume of trade transactions – gold coins such as the Venetian or Florentine ducat and large silver coins like the Prague groschen. In the course of the 14th century, it became established as a currency in nearly the entire area covered by modern-day Austria, with the exception of Tyrol and Vorarlberg.” (“Money and Trade during the Era of the Silver Pfennig.” Oesterreichische Nationalbank

“It is assumed that most of the 13th and 14th century reverses are not legible at all. This is entirely normal as the obverses were usually struck after the reverses.” (Szego, at 52). The reverse of this issue was the arms of mintmaster Heinrich Schucheler (per Jean Elsen, List 263 Lot 395).

File information
Filename:MISC_Austria_Albrecht_II_L_140.JPG
Album name:Stkp / EUROPE: Miscellaneous Medieval & Early Modern
Filesize:50 KiB
Date added:May 20, 2013
Dimensions:855 x 435 pixels
Displayed:656 times
URL:https://www.forumancientcoins.com/gallery/displayimage.php?pid=96947
Favorites:Add to Favorites
Add your comment
Anonymous comments are not allowed here. Log in to post your comment
All coins are guaranteed for eternity
Forum Ancient Coins
PO BOX 1316
MOREHEAD CITY NC 28557


252-497-2724
customerservice@forumancientcoins.com
Facebook   Instagram   Pintrest   Twitter