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Konventionsthaler
The ''Conventionstaler'' or ''Konventionstaler'' ("Convention ''thaler''"), 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. The ''Conventionsgulden'' was equivalent to a ''Conventionsthaler''. History The Austrian Empire introduced the Convention currency standard in 1754 to replace the Leipzig standard of 1690, after a drop in the gold-silver price ratio from 15 to 14.5 in the 1730s unleashed a flood of cheaper ''thalers'' defined in gold. The Leipzig standard defined the North German thaler currency unit at the ''Reichsthaler'' specie of 25.984 g, or 19.488 g fine silver. In contrast, in 1741 the gold Friedrich d'or pistole of 6.05 g fine gold was issued for 5 ''thalers''. This resulted in a cheaper Thaler Gold worth 1.21 g fine gold or 1.21 x 14.5 = 17.545 g fine silver. The ''Conventionsthale ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Konventionsfuß
A ''Konventionsfuß'' ("convention standard", lit.: "convention foot") was a coinage standard established by state treaty, the convention. The first one was between Austria and a number of German states of the Holy Roman Empire in the mid-18th century. This Convention determined that 20 ''gulden'' or 10 '' Speziesthaler'' (i.e. 1 Thaler = 2 Austrian ''gulden'') be minted from a single Cologne ''mark'' of fine silver. Since the Cologne ''mark'' weighed approximately 233 g (with regional variants), one ''gulden'' had a fine weight of 11.69 g of silver. The money minted to this standard was called the Convention ''thaler'' ('' Konventionsthaler'') or Convention coin (''Konventionsmünze''). This designation was retained even after the states that had been party to the Convention, with the exception of Austria, had switched to a different standard. History Austria had left the Leipzig standard (at 12 ''thalers'' or 18 ''gulden'' to a fine ''mark'') in 1747 and from July 17 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Konventionstaler
The ''Conventionstaler'' or ''Konventionstaler'' ("Convention ''thaler''"), 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. The ''Conventionsgulden'' was equivalent to a ''Conventionsthaler''. History The Austrian Empire introduced the Convention currency standard in 1754 to replace the Leipzig standard of 1690, after a drop in the gold-silver price ratio from 15 to 14.5 in the 1730s unleashed a flood of cheaper ''thalers'' defined in gold. The Leipzig standard defined the North German thaler currency unit at the ''Reichsthaler'' specie of 25.984 g, or 19.488 g fine silver. In contrast, in 1741 the gold Friedrich d'or pistole of 6.05 g fine gold was issued for 5 ''thalers''. This resulted in a cheaper Thaler Gold worth 1.21 g fine gold or 1.21 x 14.5 = 17.545 g fine silver. The ''Conventionsthale ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark (weight)
The Mark (from Middle High German: Marc, march, brand) is originally a medieval weight or mass unit, which supplanted the pound weight as a precious metals and coinage weight from the 11th century. The Mark is traditionally divided into 8 ounces or 16 lots. The Cologne mark corresponded to about 234 grams. Like the German systems, the French poids de marc weight system considered one "Marc" equal to 8 troy ounces. Just as the pound of 12 troy ounces (373 g) lent its name to the pound unit of currency, the mark lent its name to the mark unit of currency. Origin of the term The Etymological Dictionary of the German Language by Friedrich Kluge derives the word from the Proto-Germanic term ''marka'', "weight and value unit" (originally "division, shared"). The etymological dictionary by Wolfgang Pfeifer sees the Old High German ''marc'', "delimitation, sign", as the stem and assumes that ''marc'' originally meant "minting" (marking of a certain weight), later denoting the ing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Billon (alloy)
Billon () is an alloy of a precious metal (most commonly silver, but also gold) with a majority base metal content (such as copper). It is used chiefly for making coins, medals, and token coins. The word comes from the French ''bille'', which means "log". History The use of billon coins dates from ancient Greece and continued through the Middle Ages. During the sixth and fifth centuries BC, some cities on Lesbos used coins made of 60% copper and 40% silver. In both ancient times and the Middle Ages, leaner mixtures were adopted, with less than 2% silver content. Billon coins are perhaps best known from the Roman Empire, where progressive debasements of the Roman ''denarius'' and the Roman provincial ''tetradrachm'' in the second century AD led to declining silver and increasing bronze content in these denominations of coins. Eventually, by the third quarter of the second century AD, these coins were almost entirely bronze, with only a thin coating or even a wash of silver. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currency Coin
Currency money is money in full circulation that takes its value from the precious metal it contains, that is, its market value is (almost) the value of the metal it contains (apart from the Seigniorage or the minters' profit), though this is always overcompensated for in coins and banknotes from a country undergoing debasement. Currency money is usually made of silver or gold, but in very rare cases plated metal and even copper may be used. Currency or face value coins are a type of commodity money, money whose value is derived from the what it is or what it is made of (e.g. shell, cigarettes, tea or a certain metal) as opposed to coins whose metal value is less than their nominal value, paper money, and deposit or book money, which are fiat money Fiat money (from la, fiat, "let it be done") is a type of currency that is not backed by any commodity such as gold or silver. It is typically designated by the issuing government to be legal tender. Throughout history, fiat money wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kurantmünze
Currency money is money in full circulation that takes its value from the precious metal it contains, that is, its market value is (almost) the value of the metal it contains (apart from the Seigniorage or the minters' profit), though this is always overcompensated for in coins and banknotes from a country undergoing debasement. Currency money is usually made of silver or gold, but in very rare cases plated metal and even copper may be used. Currency or face value coins are a type of commodity money, money whose value is derived from the what it is or what it is made of (e.g. shell, cigarettes, tea or a certain metal) as opposed to coins whose metal value is less than their nominal value, paper money, and deposit or book money, which are fiat money. Currency {{Coin-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fine Mark
The Mark (from Middle High German: Marc, march, brand) is originally a medieval weight or mass unit, which supplanted the pound weight as a precious metals and coinage weight from the 11th century. The Mark is traditionally divided into 8 ounces or 16 lots. The Cologne mark corresponded to about 234 grams. Like the German systems, the French poids de marc weight system considered one "Marc" equal to 8 troy ounces. Just as the pound of 12 troy ounces (373 g) lent its name to the pound unit of currency, the mark lent its name to the mark unit of currency. Origin of the term The Etymological Dictionary of the German Language by Friedrich Kluge derives the word from the Proto-Germanic term ''marka'', "weight and value unit" (originally "division, shared"). The etymological dictionary by Wolfgang Pfeifer sees the Old High German ''marc'', "delimitation, sign", as the stem and assumes that ''marc'' originally meant "minting" (marking of a certain weight), later denoting the ingo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kronenthaler
The Kronenthaler was a silver coin first issued in 1755 in the Austrian Netherlands (see Austrian Netherlands Kronenthaler) and which became a popular trade coin in early 19th century Europe. Most examples show the bust of the Austrian ruler on the obverse and three or four crowns on the reverse, hence the name which means "crown thaler" (also ''Brabanter'' and ''crocione'' (Italian). History The kronenthaler was initially issued with the same weight as the French ''écu'' at around 29.5 grams, but with a value of 54 ''sols (stuivers'') or 2.7 '' gulden'' while the écu had a value of 56 sols (stuivers) or 2.8 gulden. French écus with 27 grams of fine silver can be theoretically melted and reissued into kronenthalers with 27x = 26 grams of fine silver, matching the silver content of the Reichsthaler of the Leipzig convention. A deliberate minting of below-standard French écus, however, also resulted in a decreased silver content for the Kronenthaler. The French annexation of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Customs Union
The (), or German Customs Union, was a coalition of German states formed to manage tariffs and economic policies within their territories. Organized by the 1833 treaties, it formally started on 1 January 1834. However, its foundations had been in development from 1818 with the creation of a variety of custom unions among the German states. By 1866, the included most of the German states. The Zollverein was not part of the German Confederation (1815-1866). The foundation of the was the first instance in history in which independent states consummated a full economic union without the simultaneous creation of a political federation or union. Prussia was the primary driver behind the creation of the customs union. Austria was excluded from the because of its highly protectionist trade policy, the unwillingness to split its customs territory into the separate Austrian, Hungarian and Galician-Lodomerian ones, as well as due to opposition of Prince von Metternich to the idea. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Johann Philipp Graumann
Johann Philipp Graumann (born in 1706 - died 22 April 1762 in Berlin) was a German business mathematician, an expert on exchange rates and coinage, mint master in Braunschweig-Wolfenbüttel and Berlin, a mercantilist, and Prussian financial advisor. He is considered one of the most important German monetary theorists of his time. As master of the mints in Prussia, he implemented a major coin reform, with the goal of implementing a new monetary standard to promote trade, increase seigniorage income and elevate the Prussian coins to the status of a reserve currency. Graumann was portrayed by his contemporaries as a dreamer. With only a slight modification, his coin standard remained in place in Germany until 1907. Life Not much is known about Graumann's early life, but for many years his father was in the service of Augustus William, Duke of Brunswick-Lüneburg as Graumann states in his second publication dedicated to his brother Louis Rudolph, Duke of Brunswick-Lüneburg. Obviou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South German Gulden
The South German Gulden was the currency of the states of southern Germany between 1754 and 1873. These states included Bavaria, Baden, Württemberg, Frankfurt and Hohenzollern. It was divided into 60 kreuzer, with each kreuzer worth 4 pfennig or 8 heller. History This specific ''Gulden'' was based on the '' Gulden'' or '' florin'' used in the Holy Roman Empire during the Late Middle Ages and Early Modern period. The ''Gulden'' first emerged as a common currency of the Holy Roman Empire after the 1524 ''Reichsmünzordnung'' in the form of the ''Guldengroschen''.Shaw (1896), p. 364: Imperial Mint Ordinance of 1524 defines a silver piece = 1 Rhenish gold gulden. On p 363: the silver equivalent of the guld gulden... received the name gulden groschen. In the succeeding centuries the ''Gulden'' was then defined as a fraction of the ''Reichsthaler'' specie or silver coin. As of 1690 the ''Gulden'' used in Southern Germany and the Austrian Empire adhered to the Leipzig standard, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
