The Habsburgs, 1020–1918

A Dynasty Struck in Silver

The taler developed alongside the rise of the Habsburgs, recording changes in power, territory, faith and technology across five centuries.

The House of Habsburg

Castle to empire

For more than five centuries, the House of Habsburg was Europe's foremost ruling family, and its influence reached well into the twentieth century — a remarkable run for a dynasty that began in decidedly republican Switzerland.

Around 1020, Count Radbot built Habsburg Castle in Aargau, and for nearly two and a half centuries the family remained a regional power among many, holding lands but no special claim to greatness. That changed in 1273, when the German prince-electors, wary of choosing anyone strong enough to threaten their own independence, settled on the comparatively obscure Count Rudolf as King of Germany. It proved a serious miscalculation on their part: Rudolf used the position to seize the duchies of Austria and Styria from a rival, and Habsburg holdings shifted decisively eastward, from Switzerland toward the lands that would remain the family's core for the next six hundred years.

The fifteenth century saw the Habsburgs consolidate their grip on the imperial title itself. From the election of Albert II in 1438, the crown of the Holy Roman Empire passed to a Habsburg in nearly every election for the next 370 years — not because the title was legally hereditary, but because the family became extraordinarily skilled at the political work of securing re-election, generation after generation. Maximilian I, who took the throne in 1493, pushed the family's fortunes further still through marriage rather than war: his own match with Mary of Burgundy brought the wealthy Low Countries into Habsburg hands, and the marriages he arranged for his grandchildren brought Spain, Bohemia and Hungary into the family's orbit in turn.

By 1521 the inheritance had grown too vast to govern as one, and it was split between two brothers. Charles V took Spain, the Low Countries and the family's Italian and American possessions; his brother Ferdinand I took Austria, Bohemia and Hungary, along with the imperial title. It is Ferdinand's branch, the Austrian Habsburgs, whose story runs through the rest of this history — the line that would rule from Vienna, strike the coins in this collection, and hold the imperial crown almost without interruption until the office itself ceased to exist.

The sixteenth and seventeenth centuries tested the dynasty severely. The Protestant Reformation split the empire's territories along religious lines, and the Habsburgs, as the empire's Catholic rulers, found themselves at the center of the resulting conflict. That tension exploded in 1618, when an attempt to impose religious uniformity on Bohemia triggered the Thirty Years' War — three decades of conflict that devastated much of Central Europe before the Peace of Westphalia in 1648 finally brought it to a close, at the cost of formally recognizing that real power now rested with the empire's individual states rather than the emperor.

The decades after Westphalia brought a different kind of challenge: the Ottoman Empire's push into Central Europe, which reached its height with the great siege of Vienna in 1683. The city held, with the help of a relieving army, and the following decades saw the Habsburgs go on the offensive, steadily reclaiming Hungary and expanding their territory eastward under Leopold I, whose 47-year reign was one of the longest in the family's history.

The eighteenth century brought a crisis of a different kind: the male line simply ran out. When Emperor Charles VI died in 1740 without a son, the succession fell to his daughter Maria Theresia — an outcome he had spent years trying to secure diplomatically through the Pragmatic Sanction, and one that was immediately contested by rival claimants the moment he died. Maria Theresia fought off the challenge, went on to reform the empire's administration, education and military more thoroughly than any predecessor, and through her marriage to Francis of Lorraine founded the House of Habsburg-Lorraine — a new formal name, though the Habsburg identity and tradition continued unbroken. Her taler, its design frozen at her death in 1780, would go on to become one of the most widely circulated trade coins in history.

The empire that had lasted a thousand years did not survive contact with Napoleon. As French power reorganized western Germany in 1806, Emperor Francis II — who had already, two years earlier, pre-emptively declared himself hereditary Emperor of Austria — recognized that the old imperial title no longer described any real political reality, and dissolved the Holy Roman Empire by his own decree. The family did not disappear with it; they simply continued as rulers of Austria, and after 1867, as co-rulers of the new dual monarchy of Austria-Hungary.

The final chapter belongs to Francis Joseph I, who came to the throne at eighteen amid the revolutionary upheavals of 1848 and went on to reign for 68 years — longer than any other Habsburg. His extraordinarily long rule absorbed military defeats, the reorganization of the empire into Austria-Hungary, and a string of personal tragedies, before ending in the middle of the First World War, a conflict set in motion by the assassination of his own designated heir. When the war ended in 1918, so did the monarchy: the last Habsburg emperor, Charles I, was forced from power, and a dynasty that had shaped European history for nearly a thousand years continued only as a family of private citizens.

The imperial framework

The Holy Roman Empire

The political structure the Habsburgs dominated for nearly four centuries — and the office whose loss reshaped the family's future.

01

Origins and structure

The empire traced its legitimacy back to Charlemagne's coronation as Roman Emperor in 800, and was formally revived in 962 when Pope John XII crowned the German king Otto I. In theory it continued the Roman Empire in the West; in practice it was never a centralized state but a patchwork of hundreds of German-speaking kingdoms, duchies, prince-bishoprics, free cities and knightly estates, each with its own laws and rulers, loosely bound together under an emperor whose real authority varied enormously from reign to reign and region to region.

02

An elected, not inherited, crown

Unlike most European monarchies, the imperial title was formally elective rather than hereditary. A small group of prince-electors — originally seven, later expanded — chose each new emperor, a process regularized by Charles IV's Golden Bull of 1356. In practice, powerful families worked hard to keep the crown within the family through repeated re-election of sons and nephews, and none succeeded so thoroughly as the Habsburgs, who held the imperial title almost without interruption from Albert II's election in 1438 until the empire's dissolution — nearly 370 years later.

03

A slow decline in real power

The empire's central authority never fully recovered from the Reformation, which split its territories along religious lines and triggered a century of intermittent warfare. The Peace of Westphalia in 1648, which ended the catastrophic Thirty Years' War, formally recognized the near-total sovereignty of the individual states, leaving the emperor's authority largely ceremonial even as the office itself, and the elaborate institutions around it, continued for another 150 years.

04

The end, by decree

The empire's final crisis came not from within but from Napoleon Bonaparte. As French power reorganized western Germany into new client states in 1806, Emperor Francis II — who had already, two years earlier, pre-emptively declared himself hereditary Emperor of Austria — recognized that the old imperial title no longer described any real political reality. On 6 August 1806 he formally dissolved the Holy Roman Empire, ending it by his own decree rather than by conquest: the only time in European history a major empire simply ceased to exist because its ruler declared it so.

See how these reigns are represented in silver.

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