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1 mark, 5.5555 g (5 g silver) 2 mark, 11.1111 g (10 g silver) 3 mark, 16.6667 g (15 g silver), from 1908 onwards; 5 mark, 27.7778 g (25 g silver) These silver coins are token or subsidiary currency for the gold mark and are therefore legal tender only up to 20 marks. However, all silver 3-mark Vereinsthaler s issued before 1871 enjoyed ...
The 2 Mark coins are 11.111 grams in weight and have a diameter of 28 mm. The 3 Mark coins are 16.667 grams in weight and have a diameter of 33 mm. The 5 Mark coins are 27.778 grams in weight and have a diameter of 38 mm. In general a Mark represented 5 grams of silver. A 5 Mark silver coin thus contained 25 g silver; by contrast there were ...
PAMP SA (Produits Artistiques Métaux Précieux) is an independent precious metals refining and fabricating company, and a member of the MKS Group.Established in 1977 in Ticino, Switzerland, the company originally started as a minting facility for bars weighing less than 100 grams and as an alloy specialist for the jewelry and luxury watch-making industries.
By 1857, both currencies were linked to the Vereinsthaler, a silver coin containing 16 + 2 ⁄ 3 grams of pure silver. Although the German gold mark was based on gold rather than silver (at 2.79 marks per gram of fine gold), a fixed exchange rate between the Vereinsthaler and the mark of 3 marks = 1 Vereinsthaler was used for the conversion.
The most immediate effect of this practice was that depositors ended up paying an additional 3.1616 grains (0.205 grams) of silver bullion (almost 1% extra; 3.1616 / 371.2384 = 0.8%) for every dollar they received (Taxay, 1966, p. 89). When this became widely known, bullion deposits brought to the mint declined significantly in 1796 and 1797.
Silver coin. A silver écu, minted in 1784, depicting Louis XVI, King of France. Silver coins are one of the oldest mass-produced form of coinage. Silver has been used as a coinage metal since the times of the Greeks; their silver drachmas were popular trade coins. The ancient Persians used silver coins between 612–330 BC.
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