3 Flitter - Frederick Ulrich Kipper ND

The 3 Flitter coin from the Principality of Brunswick-Wolfenbüttel, also known as the "Kipper" coin, was issued during a time of economic turmoil in the early 17th century. The coin was made of silver, but its value was not fixed to the value of silver, instead, it was backed by the credit of the issuer, Frederick Ulrich, the Duke of Brunswick-Wolfenbüttel. This made it a type of fiat currency, where the value of the coin was determined by the government's decree, rather than its intrinsic value. This was a novel approach to currency issuance at the time and reflects the creative solutions that governments have used throughout history to address economic challenges.

• medieval
• early modern
• hre