This square was mentioned for the first time in a document from 1342 in which it was referred to as "uppe deme kolemarkede". The fountain, which has adorned the square since 1391, was renovated according to old plans in 1869.
Originally, the Church of St. Ulrich (Ulrichskirche) adorned the Coal Market. This church was probably intended to illustrate the riches and importance of the up-and-coming community to merchants and envoys from other places. After the beginning of the Reformation, the church was demolished due to alleged dilapidation in 1544 on the orders of the council.
The Coal Market is presently a central location for business in the city. It is located in the midst of a busy pedestrian zone and is the scene of a range of events. The characteristic feature of this market is the diversity of architectural styles of the surrounding buildings which reflect its eventful history.
Every Friday light installations illuminate buildings with great effect (further information).
The house at Ziegenmarkt 2 at the edge of the Coal Market was built in 1758 by Court Master Builder Georg-Christof Sturm for the widow of Mayor Anton Julius Cammann. A reference is made to Till Eulenspiegel on one of the supporting beams. There are chimes in the attic floor of the house at Kohlmarkt 10.
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