Saxon Vereinsthaler
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Saxon Vereinsthaler
The Vereinsthaler was the currency of the Kingdom of Saxony between 1857 and 1873. It replaced the Thaler at par and was replaced by the Mark at a rate of 1 Vereinsthaler = 3 Mark. The Vereinsthaler was subdivided into 30 Neugroschen, each of 10 Pfennig The 'pfennig' (; . 'pfennigs' or ; symbol pf or ₰) or penny is a former German coin or note, which was the official currency from the 9th century until the introduction of the euro in 2002. While a valuable coin during the Middle Ages, i .... Currencies of Germany 1857 establishments in Germany 1873 disestablishments in Germany 19th-century economic history {{Germany-hist-stub ...
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Vereinsthaler
The Vereinsthaler (, ''union thaler'') was a standard silver coin used in most German states and the Austrian Empire in the years before German unification. The Vereinsthaler was introduced in 1857 to replace the various versions of the North German thaler, many of which were already set at par with the Prussian thaler. While the earlier Prussian Thaler was slightly heavier at th a Cologne mark of fine silver (16.704 grams), the Vereinsthaler contained grams of silver, which was indicated on the coins as one thirtieth of a metric pound (Pfund, equal to 500 grams). Distribution The Vereinsthaler was used as the base for several different currencies. In Prussia and several other northern German states, the Vereinsthaler was the standard unit of account, divided into 30 Silbergroschen, each of 12 Pfennig. See Prussian Vereinsthaler. In Saxony, the Neugroschen was equal to the Prussian Silbergroschen but was divided into 10 Pfennig. See Saxon Vereinsthaler. Some other n ...
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Kingdom Of Saxony
The Kingdom of Saxony (german: Königreich Sachsen), lasting from 1806 to 1918, was an independent member of a number of historical confederacies in Napoleonic through post-Napoleonic Germany. The kingdom was formed from the Electorate of Saxony. From 1871, it was part of the German Empire. It became a free state in the era of Weimar Republic in 1918 after the end of World War I and the abdication of King Frederick Augustus III of Saxony. Its capital was the city of Dresden, and its modern successor state is the Free State of Saxony. History Napoleonic era and the German Confederation Before 1806, Saxony was part of the Holy Roman Empire, a thousand-year-old entity that had become highly decentralised over the centuries. The rulers of the Electorate of Saxony of the House of Wettin had held the title of elector for several centuries. When the Holy Roman Empire was dissolved in August 1806 following the defeat of Emperor Francis II by Napoleon at the Battle of Austerlitz, th ...
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Saxon Thaler
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. In 1841, Saxony partially decimalized, dividing the Thaler (now equal to the Prussian Thaler) into 30 Neugroschen, each of 10 Pfennig. The Thaler was replaced by the Vereinsthaler at par. The duchies of Saxe-Altenburg and Saxe-Coburg-Gotha also issued coinage according to the Saxon system, from 1841 and 1837, respectively. References * See also *Reichsmünzordnung The ''Reichsmünzordnung'' (, "imperial minting ordinance") was an attempt to unify the numerous disparate coins in use in the various states of the Holy Roman Empire in the 16th century. The ordinance was issued in several steps at Diets at Aug ... Currencies of Germany Electorate of Saxony 1857 disestablishments in Germany Coins of the Holy Roman Empire {{Germany-hist-stub ...
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German Gold Mark
The German mark (german: Goldmark ; sign: ℳ) was the currency of the German Empire, which spanned from 1871 to 1918. The mark was paired with the minor unit of the pfennig (₰); 100 pfennigs were equivalent to 1 mark. The mark was on the gold standard from 1871–1914, but like most nations during World War I, the German Empire removed the gold backing in August 1914, and gold and silver coins ceased to circulate. After the fall of the Empire due to the November Revolution of 1918, the mark was succeeded by the Weimar Republic's mark, derisively referred to as the Papiermark ("Paper mark") due to hyperinflation in the Weimar Republic from 1918–1923. History The introduction of the German mark in 1873 was the culmination of decades-long efforts to unify the various currencies used by the German Confederation.pp 205-218 https://books.google.com/books?id=GrJCAAAAIAAJ&pg=PA205#v=onepage&q&f=false The Zollverein unified in 1838 the Prussian and South German currenc ...
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Neugroschen
The ''Neugroschen'' ("new ''groschen''", abbreviation ''Ngr.'') was a Saxon '' Scheidemünze'' coin minted from 1841 to 1873 which had the inscription ''Neugroschen''. This ''groschen'', made of billon, was equivalent to the Prussian ''groschen'' but, unlike the latter, was divided not into 12, but into 10 ''pfennigs''. History In 1838, the Kingdom of Saxony joined the Dresden Coinage Convention and minted 233.855 g of silver from the fine mark to the Prussian Graumann mint standard as follows: the ''14 Thaler'' standard: * 7 Double ''Thaler'' = 14 Thaler ** 1 ''Thaler'' = 30 ''neugroschen'' = 300 ''pfennigs'' ** 1 ''Neugroschen'' = 10 ''Pfennig'' From 1857 to 1873 they were minted to the ''30 Thaler'' standard. The basic coin weight was the ''Zollpfund'' ("customs pound") at 500 g:Arnold (1997), p. 256 * 1 pound of fine silver = 30 ''Vereinsthaler The Vereinsthaler (, ''union thaler'') was a standard silver coin used in most German states and the Austrian Empi ...
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Pfennig
The 'pfennig' (; . 'pfennigs' or ; symbol pf or ₰) or penny is a former German coin or note, which was the official currency from the 9th century until the introduction of the euro in 2002. While a valuable coin during the Middle Ages, it lost its value through the years and was the minor coin of the Mark currencies in the German Reich, West and East Germany, and the reunified Germany until the introduction of the euro. Pfennig was also the name of the subunit of the Danzig mark (1922–1923) and the Danzig gulden (1923–1939) in the Free City of Danzig (modern Gdańsk, Poland). Overview Name The word ''Pfennig'' (replacing the ''denarius'' or ''denarius'' as a low-denomination silver coin) can be traced back to the 8th century and also became known as the ''Penning'', ''Panni(n)g '', ''Pfenni(n)c'', ''Pfending'' and by other names, e.g. in Prussia until 1873, ''Pfenning''. The ''-ing''- or ''-inc'' suffix was used, in addition to ''-ung'', the formation of affil ...
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Currencies Of Germany
This is a list of current and historical currency of Germany. The sole currency of Germany has been the Euro since 2002. List {, class="wikitable sortable" , - !class=unsortable , Currency ! Area !Date created !Date abolished , - , Euro , , 1999 , current currency , - , Deutsche Mark , (unified) , 1990 (unified)1948 (West Germany) , 2002 , - , East German mark , , 1948 , 1990 , - , Saar franc , Saarland , 1947 , 1959 , - , Saar mark , Saarland , 1947 , 1947 , - , Reichsmark , , 1924 , 1948 , - , German Rentenmark , , 1923 , 1924 , - , German Papiermark , , 1914 , 1923 , - , German gold mark , , 1873 , 1914 , - , Vereinsthaler , North German states , 1857 , 1873 , - , South German gulden , South German states , 1754 , 1873 , - , North German thaler , North German states , 1690 , 1873 , - , Hamburg mark The Hamburg Mark refers to two distinct currencies issued in the city of Hamburg until 1875: * The Hamburg Mark Banco, a bank money and an accounting unit, and * The H ...
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1857 Establishments In Germany
Events January–March * January 1 – The biggest Estonian newspaper, ''Postimees'', is established by Johann Voldemar Jannsen. * January 7 – The partly French-owned London General Omnibus Company begins operating. * January 9 – The 7.9 Fort Tejon earthquake shakes Central and Southern California, with a maximum Mercalli intensity of IX (''Violent''). * January 24 – The University of Calcutta is established in Calcutta, as the first multidisciplinary modern university in South Asia. The University of Bombay is also established in Bombay, British India, this year. * February 3 – The National Deaf Mute College (later renamed Gallaudet University) is established in Washington, D.C., becoming the first school for the advanced education of the deaf. * February 5 – The Federal Constitution of the United Mexican States is promulgated. * March – The Austrian garrison leaves Bucharest. * March 3 ** France and the United Kingdom formall ...
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1873 Disestablishments In Germany
Events January–March * January 1 ** Japan adopts the Gregorian calendar. ** The California Penal Code goes into effect. * January 17 – American Indian Wars: Modoc War: First Battle of the Stronghold – Modoc Indians defeat the United States Army. * February 11 – The Spanish Cortes deposes King Amadeus I, and proclaims the First Spanish Republic. * February 12 ** Emilio Castelar, the former foreign minister, becomes prime minister of the new Spanish Republic. ** The Coinage Act of 1873 in the United States is signed into law by President Ulysses S. Grant; coming into effect on April 1, it ends bimetallism in the U.S., and places the country on the gold standard. * February 20 ** The University of California opens its first medical school in San Francisco. ** British naval officer John Moresby discovers the site of Port Moresby, and claims the land for Britain. * March 3 – Censorship: The United States Congress enacts the Comstock Law, making it ...
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