Pfennig - Leopold III

Leopold III — later canonized in 1485 and adopted as patron saint of Austria — ruled during the period when the Babenberg margraves were consolidating authority over territories that would eventually become the Habsburg heartland. These bracteate-style pfennigs circulated in a monetary environment where local lords struck their own silver with little standardization, and survival in any condition is genuinely uncommon. The thin-flan fabric makes structural integrity the primary concern with this type.