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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.
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.
During the early 19th century, the Conventionsthaler of 1 + 1 ⁄ 3 thaler (17.5392 g fine silver per thaler) was superseded in Northern Germany by the Prussian thaler containing 1 ⁄ 14 of a Cologne mark or 16.70 g fine silver, while the Conventionsthaler of 2.4 South German gulden (9.73 g fine silver per gulden) was superseded by the 2.7 ...
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 Friedrich d'or pistole of 5 thalers was issued when the ratio of gold to silver price dropped from 15 to 14.5 in the first half of the 18th century, making it cheaper to repay thaler-denominated obligations in gold. At 6.05 g fine gold per pistole, each thaler was worth 1.21g fine gold & 1.21 x14.5 = 17.545 g fine silver, cheaper than the ...
Prior to British involvement in Arabia, Ottoman piastres and Maria Theresa thalers circulated in the region, with the thaler typically valued at 20 piastres. [12] Silver coin: 1 thaler Maria Theresa (The Maria Theresa thaler was a variety of the silver thaler coin first minted in Joachimsthal, Bohemia, in 1519, and known as the Joachimsthaler.
In 1750, Johann Philipp Graumann implemented the Graumannscher Fuß with 14 thalers issued to a Cologne Mark of fine silver, or 16.704 g per thaler. Gold coins were called as Friedrich d'or from 1750 to 1857 except for 1797 (Ducant in 1797), and silver coins were called as Thalers. The weight, and finesse of coins had changed as the kings changed.
The North German thaler was the currency of the Electorate and Kingdom of Saxony until 1857. Between 1754 and 1841, it was equal to three quarters of a Conventionsthaler and was subdivided into 24 Groschen , each of 12 Pfennig .
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