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The Maria Theresa thaler (MTT) is a silver bullion coin and a type of Conventionsthaler that has been used in world trade continuously since it was first minted in 1741. It is named after Maria Theresa who ruled Austria , Hungary , Croatia and Bohemia from 1740 to 1780 and is depicted on the coin.
One of the most famous trade coins of the 18th century is the Austrian Maria Theresa thaler. Although dated 1780, it has been minted continuously in Austria well into the 21st century for sale to collectors. The Maria Theresa thaler was previously exported in large quantities to East Africa and the Middle East.
The Conventionstaler or Konventionstaler ("Convention thaler "), [a] was a standard silver coin in the Austrian Empire and the southern German states of the Holy Roman Empire from the mid-18th to early 19th-centuries. Its most famous example is the Maria Theresa thaler which is still minted today.
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Thaler-sized coins minted to late-19th century standards would be minted until 1914 in Mexico and in most of Europe, until 1928 in Switzerland, and until 1934 in the United States. Henceforth thaler-sized silver coins would be minted as bullion or numismatic pieces, among them: The Maria Theresa thaler trade coin
An original Prague mint coin dated 1780 has a market value in excess of €27,000 (only two known). An original 1780 Vienna mint coin is worth around €1500. The pre-1853 coins are easier to identify as they were struck by Screw press from hand engraved dies and so there are clear differences between coins.
The Maria Theresa thaler was a popular silver trade coin in the region around that time. [15] In the wake of this currency reform, Egypt minted a gold coin known as the bedidlik, equal to 100 piastres, and a silver rial coin of 20 piastres corresponding to the Maria Theresa Thaler.
The value of the coin was equal to ½ Groschen (Hungarian: garas) or 1½ Kreuzer (krajczár). Although even Charles III made preparations to mint poltura of copper (evidenced by trial strikes), finally it was Maria Theresa who ordered minting of copper poltura coins by the imperial patent of 27 March 1761.
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