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Schinderling was a popular name for the pennies, whose fine silver content was greatly reduced, from the period around 1457 to 1460, which mainly circulated in the Austrian area (Land ob der Enns). They had their cause in inheritance disputes between the Habsburg Archduke Albrecht VI and his brother Emperor Friedrich III. which resulted in an expensive war and the associated lack of money to pay the mercenaries . Albrecht had coins of inferior quality minted and gradually replaced the silver with copper and lead. This inferior alloy ensured that the coins turned black over time and were given the name Schwarzpfennig or Schinderling.

The Schinderlingszeit was one of the first open inflations in the German-speaking area shortly before the beginning of modern times. The force of this economic crisis can be seen in the exchange rate to the Hungarian guilder. While at the beginning of 1458 it was still possible to exchange 270 pfennigs for a guilder, in April 1460 you had to present 3686 pfennigs for it, until ultimately nobody wanted the pfennigs anymore.

At the end of 1460, the great inflation in Germany ended with the reintroduction of real silver pennies.

See also

literature

  • Heinz Fengler among others: transpress Lexicon Numismatics. VEB Verlag for Transport, Berlin 1988, ISBN 3-344-00220-1

Individual evidence

  1. ↑ search: Schinderling, Graz
  2. ↑ Konstantin Moritz A. Langmaier: Archduke Albrecht VI. of Austria (1418–1463). A prince caught between dynasty, regions and empire. Cologne u. a. 2015, p. 499-505 ( regesta-imperii.de [PDF]).
  3. ↑ Werner Bareis, Niels Nauhause, Lexikon der Finanzirrtäne , Ullstein Verlag, 2009, ISBN 978-3-548-37304-1
  4. ↑ Richard Gaettens, Inflations - The drama of monetary devaluations from antiquity to the present (The time of the Schinderlinge). Pflaum Verlag Munich, 1955