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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.
The Conventionsthaler was the standard thaler coin issued by many mints in the Holy Roman Empire to the 20-Gulden standard of the Minting Convention of 1753, according to which 10 coins were minted for each 5 ⁄ 6 of fine mark silver (= 1 Cologne mark ≈ 233 g of silver). [4]
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
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 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.
[9] [10] The Maria Theresa thaler, minted continuously since 1741, was especially favored for its consistent silver content and fineness (containing a 83 percent silver content; the rest an alloy), [9] and as it was widely in use in Yemen owing to the Mocha coffee trade with the French, and a Yemeni request that its produce be paid with thalers ...
New silver coins were issued for 10 silbergroschen worth 1 ⁄ 3 thaler, as well as smaller coins for 5, 2 + 1 ⁄ 2 and 1 silbergroschen. In 1857 all German states and Austria agreed to mint the Vereinsthaler of 16 + 2 ⁄ 3 grams fine silver, of marginally smaller weight than the Prussian thaler's 16.704 g, but still accepted at par with the ...
Bullion coins are contemporary precious metal coins minted by official agencies for investment purposes. Some bullion coins have been used as currency throughout the 20th century, such as the Maria Theresa thaler and the Krugerrand. Modern bullion coins generally do not enter common circulation despite having legal tender status and nominal ...
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