The Vereinsthaler was the
currency
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins.
A more general def ...
of the
Kingdom of Hanover
The Kingdom of Hanover (german: Königreich Hannover) was established in October 1814 by the Congress of Vienna, with the restoration of George III to his Hanoverian territories after the Napoleonic era. It succeeded the former Electorate of Han ...
between 1857 and 1866. The Vereinsthaler replaced the prior
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 ...
at par. The Vereinsthaler was first subdivided into 24
Groschen
Groschen (; from la, grossus "thick", via Old Czech ') a (sometimes colloquial) name for various coins, especially a silver coin used in various states of the Holy Roman Empire and other parts of Europe. The word is borrowed from the late Lat ...
, each of 12
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 ...
, thus 288 Pfennig = 1 Vereinsthaler. From 1858 on the subdivisions were more decimalised to 30 Groschen, each of 10 Pfennig, thus 300 Pfennig making up a Vereinsthaler.
When in 1866 the
Kingdom of Prussia
The Kingdom of Prussia (german: Königreich Preußen, ) was a German kingdom that constituted the state of Prussia between 1701 and 1918.Marriott, J. A. R., and Charles Grant Robertson. ''The Evolution of Prussia, the Making of an Empire''. Re ...
annexed Hanover the Hanoveran currency was replaced by the
Prussian Vereinsthaler
The ''Vereinsthaler'' was the currency of Prussia 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 ''Silbergroschen'', ...
, subdivided into 30 Silbergroschen, each of 12 Pfennig (thus 360 Pfennig = 1 Pr. Vereinsthaler).
Currencies of Germany
Modern obsolete currencies
Kingdom of Hanover
1857 establishments in the Kingdom of Hanover
1866 disestablishments in the Kingdom of Hanover
19th-century economic history
1860s in Germany
{{Germany-hist-stub