ULM: Siege Issue, AR gulden klippe, 1704, KM-90, Nau-156, PCGS graded XF40. During the War of Spanish Succession, Ulm chose the side of the Allies and turned against the imperial authority. French and Bavarian troops were encamped in the city, led by General von Bettendorf. From August 22, 1704, the city was besieged by imperial troops led by the Duke of Marlborough. Those forces consisted of mainly British and Dutch soldiers. Due to a lack of silver during the siege, ecclesiastical silver and silver coins of the bourgeoisie were melted down to create the Ulmer Gulden. On September 10, 1704, the city fell and returned to imperial rule. The city's nobility and inhabitants had to give up their silver possessions. These were then melted down in order to mint these coins. The people's desperation can be felt from the reverse legend reading as DA·PACEM·NOBIS·DOMINE, or "Oh please Lord, give us peace."

Estimate: USD 200 - 300