II. Albert (12 December 1298, Habsburg – 16 August 1358, Vienna) was an Austrian prince who ruled from 1330. He is the son of the German King Albert I and was born in the ancient castle of the Habsburgs in Switzerland. After his brother, Frigyes, died, together with his younger brother, Otto, he became the master of all the Habsburg estates. On February 15, 1324, Albert married Johanna Pfirti, III. Count Ulrich Pfirti's daughter. They had six children. Albert's power was further strengthened by his wife's inheritance, which included several German cities. In addition, he also acquired Carinthia and Carniola from the Czech king John the Blind. Albert's growing power is also indicated by the fact that in 1335 XII. Pope Benedict asked him to mediate in the ecclesiastical dispute with the German-Roman Emperor Louis of Bavaria. He founded the "Albert branch" of the Habsburg family to ensure Austria's role as a great power in the future. Albert raised six children, including IV. Rudolf, who later inherited the title. Not long after Albert's death, the Habsburg dynasty split into two, which was only reunited during the reign of Miksa I. Among other things, this division later resulted in the Pragmatica sanction.

II. Prince Albert (1308-1358) became Prince of Austria in 1330 and ruled until his death in 1358. During his reign, the coinage of the Duchy of Austria underwent significant development. Prince Albert's first coins included the traditional gold, silver and copper coins. However, it soon began to introduce its own new currencies. In 1330, he introduced the copper coin called "pfennig", which later became the general currency of the Duchy of Austria. In 1336, he introduced the silver coin called "grosschen", which also became an important currency in the Duchy of Austria. Prince Albert's coins showed a significant development not only in their type, but also in their quality. Better quality metals were used for the production of money, and the engravings became more precise and detailed. II. Prince Albert's coins contributed significantly to the economic development of the Duchy of Austria. The coins unified the means of payment in the Duchy of Austria and increased the efficiency of trade and the economy. The most famous of Prince Albert's coins are: "Pfennig" copper coin: Prince Albert's first coinage, which appeared in 1330. "Grosschen" silver coin: Albert ducat's second coinage, which was issued in 1336. "Ducat" gold coin: Prince Albert's third coinage, which appeared in 1338. The "Ducat" gold coin was a particularly important currency, as it was also minted by later rulers of the Duchy of Austria.