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Finally, with the silver deposits—being mined at Schwaz—to work with and his mint at Hall, Sigismund issued, in 1486, large numbers of the first true thaler-sized coin, the Guldengroschen ("gold-groat", being of silver but equal in value to a Goldgulden). It was an instant and unqualified success.
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]
Silver coin: 1 Maria Theresa thaler. 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.
This new coin was known as the Joachimsthaler (Joachimsthal guldiner), [2] but like the guldengroschen being contracted to guldiner, the Joachimsthaler became known simply as the thaler. [3] This new coin was an instant success and was the great grandfather of many other similar weight coins like the daalder, dollar, tolar, tallero, etc.
The thaler and its sub-denominations were intended as change (Wechselgeld) to encourage Leipzig trade with Hamburg and the Netherlands. [52] The first coins from 1670 therefore bear the inscription WECSELTHALER on the reverse. [53] The Wechseltaler standard was only valid in Electoral Saxony in 1670 and 1671. [54]
The tolar (German: Thaler) or Jáchymovský tolar was a silver coin minted in the Kingdom of Bohemia from 1520 until 1672 in Jáchymov (German: Joachimsthal). The obverse of the coin depicts Saint Joachim with the coat-of-arms of the noble family Schlik , who founded the mint in the Ore Mountains , with the titles of the Schlik brothers in ...
The first Thalers were issued between 1542 and 1552 by the city of Basel, together with 1 ⁄ 2 Thaler between 1542 and 1548. In the 17th and 18th centuries, the canton issued 1 ⁄ 4, 1 ⁄ 2, 1 and 2 Thaler coins, with 1 ⁄ 3 Thaler only struck between 1764 and 1766.
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 ...
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