Reichsmünzordnung
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The ''Reichsmünzordnung'' (, "
imperial Imperial is that which relates to an empire, emperor, or imperialism. Imperial or The Imperial may also refer to: Places United States * Imperial, California * Imperial, Missouri * Imperial, Nebraska * Imperial, Pennsylvania * Imperial, Texa ...
minting ordinance") was an attempt to unify the numerous disparate
coins A coin is a small, flat (usually depending on the country or value), round piece of metal or plastic used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to ...
in use in the various states of the
Holy Roman Empire The Holy Roman Empire was a Polity, political entity in Western Europe, Western, Central Europe, Central, and Southern Europe that developed during the Early Middle Ages and continued until its Dissolution of the Holy Roman Empire, dissolution i ...
in the 16th century. The ordinance was issued in several steps at Diets at Augsburg during the 1530s to 1560s, but it was never adopted entirely by all princes within the empire. A first ''Reichsmünzordnung'' was issued by
Charles V Charles V may refer to: * Charles V, Holy Roman Emperor (1500–1558) * Charles V of Naples (1661–1700), better known as Charles II of Spain * Charles V of France (1338–1380), called the Wise * Charles V, Duke of Lorraine (1643–1690) * Infan ...
in 1524 at Esslingen, declaring the Cologne Mark as the general standard for coin weights. But due to protests by the larger principalities of the empire, the ordinance was never implemented. In 1551, the
Kreuzer The Kreuzer (), in English usually kreutzer ( ), was a coin and unit of currency in the southern German states prior to the introduction of the German gold mark in 1871/73, and in Austria and Switzerland. After 1760 it was made of copper. In s ...
was introduced as the standard for small silver coinage, with 72 Kreuzer being equivalent to a Gulden, or a silver
Guldengroschen The ''Guldengroschen'' or ''Guldiner'' was a large silver coin originally minted in Tirol in 1486, but which was introduced into the Duchy of Saxony in 1500. The name "''Guldengroschen''" came from the fact that it has an equivalent denominati ...
. The silver Taler was set at 68 Kreuzer. An official ''Reichsgoldgulden''or ''Goldgulden''. "Goldgulden" is strictly a tautology, as "Gulden" itself already means
gold coin A gold coin is a coin that is made mostly or entirely of gold. Most gold coins minted since 1800 are 90–92% gold (22karat), while most of today's gold bullion coins are pure gold, such as the Britannia, Canadian Maple Leaf, and American Buffa ...
, but because of the silver
Guldengroschen The ''Guldengroschen'' or ''Guldiner'' was a large silver coin originally minted in Tirol in 1486, but which was introduced into the Duchy of Saxony in 1500. The name "''Guldengroschen''" came from the fact that it has an equivalent denominati ...
, "Goldgulden" was used for disambiguation.
was introduced but was only minted for a few years. The definition of a gold and a silver coin (Gulden vs. Guldengroschen) of equivalent value was problematic, as the value of the gold coin tended to rise above that of the silver one, and soon the Gulden was de facto traded at more than the official 72 Kreuzer. This led to the abolition of the official standard linking of gold and silver coins in 1559 under Ferdinand I. The Gulden was now set at 75 Kreuzer, the
Ducat The ducat () coin was used as a trade coin in Europe from the later Middle Ages from the 13th to 19th centuries. Its most familiar version, the gold ducat or sequin containing around of 98.6% fine gold, originated in Venice in 1284 and gained wi ...
was introduced as an additional gold coin, and the Guldengroschen, now valued 60 Kreuzer, gradually fell out of use in favour of the Taler. In 1566, the Diet was forced to recognize the new status quo and introduced the
Reichstaler 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 ...
(at 29.23 grams of 88.9% silver) as the official coin of the empire. The Taler remained in use throughout the Holy Roman Empire until the early 18th century.


References


Further reading

* Eduard Döring: ''Handbuch der Münz-, Wechsel-, Mass- und Gewichtskunde'', Koblenz 1854
p. 20
{{DEFAULTSORT:Reichsmunzordnung History of Augsburg