Rheinische Gulden
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Rheinische Gulden
The Rhenish ''gulden'' or Rhenish ''guilder'' (german: Rheinischer Gulden; la, florenus Rheni) was a gold, standard currency coin of the Rhineland in the 14th and 15th centuries. They weighed between 3.4 and 3.8 grams (). History The Rhenish gold ''gulden'' was created when the electors of Cologne, Trier and Mainz were rewarded for their support in the election of Charles IV with a right to mint gold coins (), a right derived from the Golden Bull. Trier was given the privilege on 25 November 1346, Cologne on 26 November 1346 and Mainz on 22 January 1354. The Rhenish ''gulden'' or ''florin'' began in 1354 as a copy of the Florentine ''florin'' (weight th a Cologne Mark of gold, 23 karats fine, or 3.43 g fine gold). However, by the early 15th century it has lost most of its gold content. In 1419 it was th a Cologne Mark of gold, 19 karats fine; hence 2.76 g fine gold. As a result of the widespread minting of gold ''guldens'' by the electors of Cologne, Mainz, Trier and the E ...
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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 ...
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Hungary
Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia and Slovenia to the southwest, and Austria to the west. Hungary has a population of nearly 9 million, mostly ethnic Hungarians and a significant Romani minority. Hungarian, the official language, is the world's most widely spoken Uralic language and among the few non-Indo-European languages widely spoken in Europe. Budapest is the country's capital and largest city; other major urban areas include Debrecen, Szeged, Miskolc, Pécs, and Győr. The territory of present-day Hungary has for centuries been a crossroads for various peoples, including Celts, Romans, Germanic tribes, Huns, West Slavs and the Avars. The foundation of the Hungarian state was established in the late 9th century AD with the conquest of the Carpathian Basin by Hungar ...
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