The ''Neugroschen'' ("new ''groschen''", abbreviation ''Ngr.'') was a

Saxon The Saxons ( la, Saxones, german: Sachsen, ang, Seaxan, osx, Sahson, nds, Sassen, nl, Saksen) were a group of Germanic * * * * peoples whose name was given in the early Middle Ages to a large country (Old Saxony, la, Saxonia) near the Nor ...

'' Scheidemünze'' coin minted from 1841 to 1873 which had the inscription ''Neugroschen''. This ''

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 ...

'', made of billon, was equivalent to the

Prussian Prussia, , Old Prussian: ''Prūsa'' or ''Prūsija'' was a German state on the southeast coast of the Baltic Sea. It formed the German Empire under Prussian rule when it united the German states in 1871. It was ''de facto'' dissolved by an e ...

''groschen'' but, unlike the latter, was divided not into 12, but into 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 ...

s''.

History

In 1838, the

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 Saxon ...

joined the

Dresden Coinage Convention The Dresden Coinage Convention of 1838 was a multilateral treaty that attempted to bring some degree of standardisation to the currencies used in the ''Zollverein''. The convention was agreed to at the General Mint Convention of the States of t ...

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 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 ...

** 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 The ''Zollpfund'' ("customs pound") is an historical German weight based on the old pound. In 1854, the German Customs Union, the ''Zollverein'', fixed the pound weight or at exactly 500 grammes, making it about seven percent heavier than the old ...

'' ("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 Empire in the years before German unification. The Vereinsthaler was introduced in 1857 to replace the various versions of the North Ger ...

'' ** 1 ''Vereinsthaler'' = 30 ''neugroschen'' = 300 ''pfennigs'' ''Neugroschen'' and ''pfennigs'' were fractional coins.

References

Literature

* Paul Arnold, Harald Küthmann, Dirk Steinhilber: ''Großer deutscher Münzkatalog von 1800 bis heute'', Augsburg 1997. * Max Barduleck: '' Die letzten Jahre der Münze in Dresden''. Werksverzeichnis 1865 bis 1911, published by Paul Arnold, Berlin 1981. * Heinz Fengler, Gerd Gierow, Willy Unger: ''transpress Lexikon Numismatik'', Berlin 1976. * Walther Haupt: ''Sächsische Münzkunde'', Deutscher Verlag der Wissenschaft, Berlin 1974. * Helmut Kahnt: ''Das große Münzlexikon von A bis Z'', Regenstauf 2005. * Friedrich von Schrötter (ed.) mit N. Bauer, K. Regling, A. Suhle, R. Vasmer, J. Wilcke: ''Wörterbuch der Münzkunde'', de Gruyter, Berlin 1970 (reprint of the original 1930 edn.).

History

References

Literature

See also