The coin offered as lot 2341 at Künker's auction 348 is one of the great rarities of Brandenburg-Prussian numismatics: the first Brandenburg taler, minted in 1521. Of course, back then they weren't called talers yet. Guldengroschen, as the correct term goes, are silver coins worth one gold gulden. Guldengroschen have actually existed since 1486, but the guldengroschen, which gave the taler its name, was minted for the first time only one year before the first Brandenburg taler.

Minting such - Moneta Nova is a common part of the inscription on early talers and can also be seen on our piece - was a question of prestige. For the production of talers was by no means profitable, at least it wasn't in silver-poor Brandenburg - that's why they stopped minting them as early as in 1522. The ruler who commissioned this coin was Elector Joachim I (1484-1535). The taler shows his bearded head-and-shoulder portrait. This was another novelty for the Margraviate of Brandenburg: it is the first Brandenburg coin featuring the portrait of an elector!

But who was Joachim I?

Elector Joachim I was a man of ambition. After the death of his father, he took over the rule at the age of only 15, initially together with his younger brother and under guardianship. He founded the University of Frankfurt an der Oder and fought robber barony in Brandenburg in order to strengthen his position with regard to the local nobility. Due to the eloquence, which he displayed in the assembly of the electors, Brandenburg-Prussian history gave him the epithet as a reference to Agamemnon's wise advisor. However, we should not read too much into it as it was a family tradition of early Hohenzollern rulers to have a classical epithet: the grand-father was called Achilles, the father Cicero and Joachim's own son Hector - at least that's helpful for coin collectors to remember whether the person was more distinguished by military success or their oratory skills.

Self-confidently, Joachim put his own portrait on the obverse of the first taler, as mentioned above, the first portrait on a Brandenburg coin. His clothing immediately alludes to the fact that he was one of the most powerful electors of the Holy Roman Empire: the elector's cloak trimmed with ermine and the coronet identify him as one of the seven electors entitled to elect the emperor. In his hand he has a scepter, which can be seen once more on the coin, in the center of the coat of arms on the reverse. If you believe the scepter to be the random attribute of a ruler, you are wrong.

It is the imperial scepter of the emperor, one of the imperial insignia. As Arch-Chamberlain of the Holy Roman Empire, the Margrave of Brandenburg had always had the privilege of bearing the imperial scepter at the coronation of the emperor. This was a source of pride, even though no additional powers were associated with the office. That's why the golden scepter on a blue background remained part of the Brandenburg coat of arms for centuries, depicted on the breast of the red heraldic eagle.

But let's get back to our historical taler. It is extremely rare. Only a few specimens of these pieces were minted. Almost all of them were melted down in the following years due to their high silver content. Thus, only a few specimens of the first Brandenburg taler survived - just 23 pieces are known and almost all of them are kept in museums and large collections. Therefore, this auction provides the very rare opportunity to purchase a key piece of early Brandenburg-Prussian history.

To read the complete article, see:
Joachim I: The Power-Conscious Elector Who Minted the First Brandenburg Taler(https://www.kuenker.de/en/information/presseinformationen/aktuelle-mitteilungen/352)