1 Pfennig - Frederick August I 1694-1698 front 1 Pfennig - Frederick August I 1694-1698 back
1 Pfennig - Frederick August I 1694-1698 photo
© Auktionen Münzhandlung Sonntag

1 Pfennig - Frederick August I

 
Silver - -
Description
Issuer
Electorate of Saxony (Albertinian Line) (German States)
Issuer
Electorate of Saxony (Albertinian Line) (German States)
Prince elector
Frederick Augustus I (Friedrich August I) (1694-1733)
Prince elector
Frederick Augustus I (Friedrich August I) (1694-1733)
Type
Standard circulation coin
Type
Standard circulation coin
Years
1694-1698
Years
1694-1698
Value
1 Pfennig (1⁄288)
Value
1 Pfennig (1⁄288)
Currency
Thaler (1493-1805)
Currency
Thaler (1493-1805)
Composition
Silver
Composition
Silver
Shape
Round
Shape
Round
Demonetized
Yes
Demonetized
Yes
Updated
2024-10-05
References
Numista
N#188495
Rarity index
94%

Reverse

Orb with denomination, date separated to sides and mintmasters initials below.

Script: Latin

Interesting fact

The 1 Pfennig coin from the Electorate of Saxony, minted during the reign of Frederick August I (1694-1698), was made of silver, which was a significant departure from the previous copper coins that were commonly used in the region. This change in material was likely due to the increasing value of silver and the desire to create a more valuable and prestigious coin. The use of silver in the coin also symbolized the wealth and power of the Electorate of Saxony, and it remained a popular denomination for many years.