It was constructed by court architect Wilhelm Egkl in 1563. Later it served as mint. The inner courtyard has kept its renaissance arcades while the west facade was redesigned in neoclassical style in 1809. Finally the north facade facing got its neogothic decoration when the Maximilianstrasse was built to fit it with the concept of this royal avenue. An arch in the south connects the building with the castle Alter Hof.