Reichsthaler
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Reichsthaler
The ''Reichsthaler'' (; modern spelling Reichstaler), or more specifically the ''Reichsthaler specie'', was a standard thaler silver coin introduced by the Holy Roman Empire in 1566 for use in all German states, minted in various versions for the next 300 years, and containing 25–26 grams fine silver.MAIN reference p 360-393: German monetary system https://books.google.com/books?id=GrJCAAAAIAAJ&pg=PA360#v=onepage&q&f=false ''Reichsthaler'' was also the name of a currency unit worth less than the ''Reichsthaler specie'' introduced by several North German states from the 17th century; discussed separately under ''North German thaler''. Several old books confusingly use the same term ''Reichsthaler'' for the specie silver coin as well as the currency unit. This is disambiguated by referring to the full-valued coin as the '' Reichsthaler specie'' and the lower-valued currency unit as the ''Reichsthaler currency (courant, kurant)''. History The ''Reichsthaler'' - literally, the ...
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Thaler
A thaler (; also taler, from german: Taler) is one of the large silver coins minted in the states and territories of the Holy Roman Empire and the Habsburg monarchy during the Early Modern period. A ''thaler'' size silver coin has a diameter of about and a weight of about 25 to 30 grams (roughly 1 ounce). The word is shortened from ''Joachimsthaler'', the original ''thaler'' coin minted in Joachimstal, Bohemia, from 1520. While the first standard coin of the Holy Roman Empire was the ''Guldengroschen'' of 1524, its longest-lived coin was the ''Reichsthaler (Reichstaler)'', which contained Cologne Mark of fine silver (or 25.984 g), and which was issued in various versions from 1566 to 1875. From the 17th century a lesser-valued ''North German thaler'' currency unit emerged, which by the 19th century became par with the ''Vereinsthaler''. The ''thaler'' silver coin type continued to be minted until the 20th century in the form of the Mexican peso until 1914, the five S ...
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Thaler
A thaler (; also taler, from german: Taler) is one of the large silver coins minted in the states and territories of the Holy Roman Empire and the Habsburg monarchy during the Early Modern period. A ''thaler'' size silver coin has a diameter of about and a weight of about 25 to 30 grams (roughly 1 ounce). The word is shortened from ''Joachimsthaler'', the original ''thaler'' coin minted in Joachimstal, Bohemia, from 1520. While the first standard coin of the Holy Roman Empire was the ''Guldengroschen'' of 1524, its longest-lived coin was the ''Reichsthaler (Reichstaler)'', which contained Cologne Mark of fine silver (or 25.984 g), and which was issued in various versions from 1566 to 1875. From the 17th century a lesser-valued ''North German thaler'' currency unit emerged, which by the 19th century became par with the ''Vereinsthaler''. The ''thaler'' silver coin type continued to be minted until the 20th century in the form of the Mexican peso until 1914, the five S ...
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Dutch Guilder
The guilder ( nl, gulden, ) or florin was the currency of the Netherlands from the 15th century until 2002, when it was replaced by the euro. The Dutch name ''gulden'' was a Middle Dutch adjective meaning "golden", and reflects the fact that, when first introduced in 1434, its value was about equal to (i.e., it was on par with) the Italian gold florin. The Dutch guilder was a ''de facto'' reserve currency in Europe in the 17th and 18th centuries. Between 1999 and 2002, the guilder was officially a "national subunit" of the euro. However, physical payments could only be made in guilders, as no euro coins or banknotes were available. The exact exchange rate, still relevant for old contracts and for exchange of the old currency for euros at the central bank, is 2.20371 Dutch guilders for 1 euro. Inverted, this gives 0.453780 euros for 1 guilder. Derived from the Dutch guilder are the Netherlands Antillean guilder (still in use in Curaçao and Sint Maarten) and the Surinamese gui ...
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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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Conventionsthaler
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 ...
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Pistole
Pistole is the French name given to a Spanish gold coin in use from 1537; it was a doubloon or double escudo, the gold unit. The name was also given to the Louis d'Or of Louis XIII of France, and to other European gold coins of about the value of the Spanish coin. One pistole was worth approximately ten livres or three écus, but higher figures are also seen. The derivation is uncertain; the term may come from the Czech ''píšťala'' ("whistle", a term for a hand cannon), or from the Italian town of Pistoia; either way, it was originally spelled ''pistolet'' and originated in military slang, and probably has the same root as pistol. A small number of gold pistoles and double pistoles were minted in Ireland in 1646, during the Irish Confederate Wars and the reign of Charles I. James Butler, 1st Duke of Ormond authorised the issue in order to prevent troop defections, as there was a shortage of silver coins for paying soldiers. The coins had an approximate value of 13 shillings ...
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Friedrich D'or
The Friedrich d'or was a Prussian gold coin (pistole) nominally worth 5 silver Prussian thalers. It was subsequently copied by other North German states under their own rulers' names (''August-, Friedrich-August-, Christian d'or'') and valued at 4.8-5 silver North German thalers. It was used from 1741 to 1855 as a regular issue coinage, regularly-issued gold trade coin at this time, and was traded at a small agio (commerce), premium or point (mortgage), discount to its face value of five thalers in silver standard currency (''silberkurantgeld'') used in the stock exchanges and elsewhere. Around 1780, for example, the Saxon August d'or was quoted at 116 to 120 ''groschen sächsischen silberkurantgeldes'' (4.83 to 5 thalers, Saxon silver currency), with a maximum discount of 4 groschen (0.17 thaler). In the 19th century it usually had a low premium. Prussian purchase contracts or IOU, bonds payable in 5-thaler gold pistoles (rather than silver currency) were noted as payable in ''"XX ...
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Gutegroschen
The ''Guter Groschen'' ("good ''groschen''"), also ''Gutergroschen'' or ''Gutegroschen'', abbreviation ''Ggr.'', is name of the ''groschen'' coin that was valued at of a ''Reichsthaler'' from the end of the 16th century. It was called a "good ''groschen''" to distinguish it from the lighter '' Mariengroschen'' ("Mary's ''groschen''"), which was only valued at  ''Reichsthaler''. The term ''Guter Groschen'' remained common until the middle of the 19th century. History According to the Imperial Circle decision of 1572 the ''groschen'', which depicted an orb on the reverse side, were initially valued at 21 to the ''Reichsthaler'', but later 24. These so-called ''Apfelgroschen'' were mainly minted in Northern Germany. During the time of counterfeiting, the ''Kipper'' and ''Wipper'' period, they were debased. After the ''Kipper'' mints were closed, they were minted as ''Gutegroschen'' with a higher value. The ''Groschen'' name was initially intended to express the return ...
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Kipper Und Wipper
''Kipper und Wipper'' (german: Kipper- und Wipperzeit, literally "Tipper and See-saw time") was a financial crisis during the start of the Thirty Years' War (1618–1648).Kipper und Wipper'. Rogue Traders, Rogue Princes, Rogue Bishops and the German Financial Meltdown of 1621–23"
Mike Dash, ''Smithsonian'', March 29, 2012
Starting around 1621, city-states in the began to heavily debase currency ...
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Thirty Years’ War
The Thirty Years' War was one of the longest and most destructive conflicts in European history, lasting from 1618 to 1648. Fought primarily in Central Europe, an estimated 4.5 to 8 million soldiers and civilians died as a result of battle, famine, and disease, while some areas of what is now modern Germany experienced population declines of over 50%. Related conflicts include the Eighty Years' War, the War of the Mantuan Succession, the Franco-Spanish War, and the Portuguese Restoration War. Until the 20th century, historians generally viewed it as a continuation of the religious struggle initiated by the 16th-century Reformation within the Holy Roman Empire. The 1555 Peace of Augsburg attempted to resolve this by dividing the Empire into Lutheran and Catholic states, but over the next 50 years the expansion of Protestantism beyond these boundaries destabilised the settlement. While most modern commentators accept differences over religion and Imperial authority were ...
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Florin
The Florentine florin was a gold coin struck from 1252 to 1533 with no significant change in its design or metal content standard during that time. It had 54 grains (3.499 grams, 0.113 troy ounce) of nominally pure or 'fine' gold with a purchasing power difficult to estimate (and variable) but ranging according to social grouping and perspective from approximately 140 to 1,000 modern US dollars. The name of the coin comes from the ''Giglio bottonato'' ( it), the floral emblem of the city, which is represented at the head of the coin. History The ''fiorino d'oro'' (gold florin) was used in the Republic of Florence and was the first European gold coin struck in sufficient quantities since the 7th century to play a significant commercial role. The florin was recognized across large parts of Europe. The territorial usage of the '' lira'' and the florin often overlapped, where the lira was used for smaller transactions (wages, food purchases), the florin was for larger transactions ...
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