The Maria Theresa thaler (MTT) is a
silver
Silver is a chemical element with the Symbol (chemistry), symbol Ag (from the Latin ', derived from the Proto-Indo-European wikt:Reconstruction:Proto-Indo-European/h₂erǵ-, ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, whi ...
bullion coin
Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver. It comes fro ...
and a type of
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 exam ...
that has been used in
world trade continuously since it was first minted in 1741. It is named after
Maria Theresa who ruled
Austria
Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous ...
,
Hungary
Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia a ...
, and
Bohemia
Bohemia ( ; cs, Čechy ; ; hsb, Čěska; szl, Czechy) is the westernmost and largest historical region of the Czech Republic. Bohemia can also refer to a wider area consisting of the historical Lands of the Bohemian Crown ruled by the Bohem ...
from 1740 to 1780 and is depicted on the coin.
History
In 1741 the first MTT was struck according to the
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 th ...
standard with of a
Cologne mark of fine silver, or 25.98 grams. In 1750 a new thaler was struck with a gross weight of of 1 Vienna mark of silver, fine (with a fine silver content of 23.39 grams, or of a Cologne mark). In 1751 this new standard
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 exam ...
was effectively adopted across the German-speaking world when it was accepted formally in the Bavarian monetary convention. This new, post-1751 thaler has continued as a trade coin ever since.
Since the death of Maria Theresa in 1780, the coin has always been dated 1780. On 19 September 1857, Emperor
Francis Joseph of Austria
Franz Joseph I or Francis Joseph I (german: Franz Joseph Karl, hu, Ferenc József Károly, 18 August 1830 – 21 November 1916) was Emperor of Austria, King of Hungary, and the other states of the Habsburg monarchy from 2 December 1848 until his ...
declared the Maria Theresa thaler to be an official trade coinage. A little over a year later, on 31 October 1858, it lost its status as currency in Austria.
The MTT could also be found throughout the
Arab
The Arabs (singular: Arab; singular ar, عَرَبِيٌّ, DIN 31635: , , plural ar, عَرَب, DIN 31635: , Arabic pronunciation: ), also known as the Arab people, are an ethnic group mainly inhabiting the Arab world in Western Asia, ...
world, especially in
Saudi Arabia
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the A ...
,
Yemen
Yemen (; ar, ٱلْيَمَن, al-Yaman), officially the Republic of Yemen,, ) is a country in Western Asia. It is situated on the southern end of the Arabian Peninsula, and borders Saudi Arabia to the Saudi Arabia–Yemen border, north and ...
, and
Muscat and Oman
The Sultanate of Muscat and Oman ( ar, سلطنة مسقط وعمان, Salṭanat Masqaṭ wa-‘Umān), also known briefly as the State of Muscat and Oman () during the rule of Taimur bin Feisal, was a sovereign state that encompassed the prese ...
, in Africa, especially in
Ethiopia
Ethiopia, , om, Itiyoophiyaa, so, Itoobiya, ti, ኢትዮጵያ, Ítiyop'iya, aa, Itiyoppiya officially the Federal Democratic Republic of Ethiopia, is a landlocked country in the Horn of Africa. It shares borders with Eritrea to the ...
, and in
India
India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...
. Being of similar size to the
Spanish eight-real coin, and initially thought to be of French origin, the MTT acquired the Arab name ''Alriyal Alfransi'', literally the "French Riyal". This coin was therefore the predecessor to, among others, the
Saudi Riyal
The Saudi riyal ( ar, ريال سعودي ') is the currency of Saudi Arabia. It is abbreviated as
or SAR ''(Saudi Arabian Riyal)''. It is subdivided into 100 halalas ( ar, هللة '). The currency is pegged to the US dollar at a constant rate ...
and the
Ethiopian birr
The birr ( am, ብር) is the unit of currency in Ethiopia. It is subdivided into 100 ''santim''.
In 1931, Emperor Haile Selassie I formally requested that the international community use the name ''Ethiopia'' (as it had already been known inte ...
.
During the
Japanese occupation of Indonesia
The Empire of Japan occupied the Dutch East Indies (now Indonesia) during World War II from March 1942 until after the end of the war in September 1945. It was one of the most crucial and important periods in modern Indonesian history.
In May ...
in World War II, enough people preferred it to the money issued by the occupying forces that the American
Office of Strategic Services created counterfeit MTTs for use by resistance forces.
In German-speaking countries, following a spelling reform dated 1901 that took effect two years later, "Thaler" is written "Taler" (the spelling of given names like "Theresa" was not affected). Hence 20th-century references to this coin in German and Austrian sources are found under "Maria-Theresien-Taler". The spelling in English-speaking countries was not affected.
The MTT continues to be produced by the
Austrian Mint, and is available in both
proof and uncirculated conditions.
Details
The thaler is in diameter and thick, weighs and contains 23.386 grams (0.752
troy ounces
Troy weight is a system of units of mass that originated in 15th-century England, and is primarily used in the precious metals industry. The troy weight units are the grain, the pennyweight (24 grains), the troy ounce (20 pennyweights), and the ...
) of fine silver. It has a silver content of .833 and a copper content of .166 of its total
millesimal fineness
The fineness of a precious metal object (coin, bar, jewelry, etc.) represents the weight of ''fine metal'' therein, in proportion to the total weight which includes alloying base metals and any impurities. Alloy metals are added to increase hardne ...
. Note: Rome mint struck MTTs are marginally lighter being produced in finer 835 standard instead of 833 standard silver.
The inscription on the obverse of this coin is in Latin: "M. THERESIA D. G. R. IMP. HU. BO. REG." The Reverse reads "ARCHID. AVST. DUX BURG. CO. TYR. 1780 X". It is an abbreviation of "''Maria Theresia, Dei Gratia Romanorum Imperatrix, Hungariae Bohemiaeque Regina, Archidux Austriae, Dux Burgundiae, Comes Tyrolis. 1780 X''", which means, "Maria Theresa, by the grace of God, Empress of the Romans, Queen of Hungary and Bohemia, Archduchess of Austria, Duchess of Burgundy, Countess of Tyrol. 1780". The "X" is actually a
saltire
A saltire, also called Saint Andrew's Cross or the crux decussata, is a heraldic symbol in the form of a diagonal cross, like the shape of the letter X in Roman type. The word comes from the Middle French ''sautoir'', Medieval Latin ''saltator ...
or
Burgundian cross
The Cross of Burgundy (french: Croix de Bourgogne; es, Cruz de Borgoña/Aspa de Borgoña; german: Burgunderkreuz; it, Croce di Borgogna; ca, Creu de Borgonya; nl, Bourgondisch kruis) is a saw-toothed ( raguly) form of the Cross of Saint Andr ...
, and was added in 1750 indicating the new debased standard of the thaler. Around the rim of the coin is the motto of her reign: "Justitia et Clementia", meaning "Justice and Clemency".
Minting outside of Austria
The MTT quickly became a standard trade coin and several nations began striking Maria Theresa thalers. The following
mints
A mint or breath mint is a food item often consumed as an after-meal refreshment or before business and social engagements to improve breath odor. Mints are commonly believed to soothe the stomach given their association with natural byproducts ...
have struck MTTs:
Birmingham
Birmingham ( ) is a city and metropolitan borough in the metropolitan county of West Midlands in England. It is the second-largest city in the United Kingdom with a population of 1.145 million in the city proper, 2.92 million in the West ...
,
Bombay
Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...
,
Brussels
Brussels (french: Bruxelles or ; nl, Brussel ), officially the Brussels-Capital Region (All text and all but one graphic show the English name as Brussels-Capital Region.) (french: link=no, Région de Bruxelles-Capitale; nl, link=no, Bruss ...
,
London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...
,
Paris
Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. S ...
,
Rome
, established_title = Founded
, established_date = 753 BC
, founder = King Romulus (legendary)
, image_map = Map of comune of Rome (metropolitan city of Capital Rome, region Lazio, Italy).svg
, map_caption ...
, and
Utrecht
Utrecht ( , , ) is the List of cities in the Netherlands by province, fourth-largest city and a List of municipalities of the Netherlands, municipality of the Netherlands, capital and most populous city of the Provinces of the Netherlands, pro ...
, in addition to the
Habsburg
The House of Habsburg (), alternatively spelled Hapsburg in Englishgerman: Haus Habsburg, ; es, Casa de Habsburgo; hu, Habsburg család, it, Casa di Asburgo, nl, Huis van Habsburg, pl, dom Habsburgów, pt, Casa de Habsburgo, la, Domus Hab ...
mints in
Günzburg
Günzburg (; Swabian German, Swabian: ''Genzburg'') is a town in Bavaria, Germany. It is a ''Große Kreisstadt'' and the capital of the Swabian Günzburg (district), district Günzburg. This district was constituted in 1972 by combining the city ...
,
Hall in Tyrol,
Karlsburg,
Kremnica,
Milan
Milan ( , , Lombard: ; it, Milano ) is a city in northern Italy, capital of Lombardy, and the second-most populous city proper in Italy after Rome. The city proper has a population of about 1.4 million, while its metropolitan city h ...
,
Prague
Prague ( ; cs, Praha ; german: Prag, ; la, Praga) is the capital and largest city in the Czech Republic, and the historical capital of Bohemia. On the Vltava river, Prague is home to about 1.3 million people. The city has a temperate ...
, and
Vienna
en, Viennese
, iso_code = AT-9
, registration_plate = W
, postal_code_type = Postal code
, postal_code =
, timezone = CET
, utc_offset = +1
, timezone_DST ...
. Between 1751 and 2000, some 389 million were minted. These various mints distinguished their issues by slight differences in the design, with some of these evolving over time. In 1935
Mussolini
Benito Amilcare Andrea Mussolini (; 29 July 188328 April 1945) was an Italian politician and journalist who founded and led the National Fascist Party. He was Prime Minister of Italy from the March on Rome in 1922 until his deposition in 194 ...
gained a 25-year concession over production of the MTT. The Italians blocked non-Italian banks and bullion traders from obtaining the coin and so France, Belgium, and the UK started producing the coin so as to support their economic interests in the Red Sea, Persian Gulf, and East Coast of Africa. In 1961 the 25-year concession ended and Austria made diplomatic approaches to the relevant governments requesting they cease production of the coin. The UK was the last government to agree formally to the request in February 1962.
The MTT came to be used as currency in large parts of Africa and Middle East until after
World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...
. It was common from North Africa to
Somalia
Somalia, , Osmanya script: 𐒈𐒝𐒑𐒛𐒐𐒘𐒕𐒖; ar, الصومال, aṣ-Ṣūmāl officially the Federal Republic of SomaliaThe ''Federal Republic of Somalia'' is the country's name per Article 1 of thProvisional Constituti ...
,
Ethiopia
Ethiopia, , om, Itiyoophiyaa, so, Itoobiya, ti, ኢትዮጵያ, Ítiyop'iya, aa, Itiyoppiya officially the Federal Democratic Republic of Ethiopia, is a landlocked country in the Horn of Africa. It shares borders with Eritrea to the ...
,
Kenya
)
, national_anthem = "Ee Mungu Nguvu Yetu"()
, image_map =
, map_caption =
, image_map2 =
, capital = Nairobi
, coordinates =
, largest_city = Nairobi
, ...
, and down the coast of
Tanzania
Tanzania (; ), officially the United Republic of Tanzania ( sw, Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; Comoro Islands and ...
to
Mozambique
Mozambique (), officially the Republic of Mozambique ( pt, Moçambique or , ; ny, Mozambiki; sw, Msumbiji; ts, Muzambhiki), is a country located in southeastern Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi ...
. Its popularity in the
Red Sea
The Red Sea ( ar, البحر الأحمر - بحر القلزم, translit=Modern: al-Baḥr al-ʾAḥmar, Medieval: Baḥr al-Qulzum; or ; Coptic: ⲫⲓⲟⲙ ⲛ̀ϩⲁϩ ''Phiom Enhah'' or ⲫⲓⲟⲙ ⲛ̀ϣⲁⲣⲓ ''Phiom ǹšari''; T ...
region was such that merchants would not accept any other type of currency. The Italian government produced a similar designed coin in the hope of replacing the Maria Theresa thaler, but it never gained acceptance.
The Maria Theresa thaler was also formerly the currency of the Hejaz, Yemen, and the Aden Protectorate, as well as
Muscat and Oman
The Sultanate of Muscat and Oman ( ar, سلطنة مسقط وعمان, Salṭanat Masqaṭ wa-‘Umān), also known briefly as the State of Muscat and Oman () during the rule of Taimur bin Feisal, was a sovereign state that encompassed the prese ...
on the Arabia peninsula. The coin remains popular in
North Africa
North Africa, or Northern Africa is a region encompassing the northern portion of the African continent. There is no singularly accepted scope for the region, and it is sometimes defined as stretching from the Atlantic shores of Mauritania in ...
and the
Middle East
The Middle East ( ar, الشرق الأوسط, ISO 233: ) is a geopolitical region commonly encompassing Arabian Peninsula, Arabia (including the Arabian Peninsula and Bahrain), Anatolia, Asia Minor (Asian part of Turkey except Hatay Pro ...
to this day in its original form: a silver coin with a portrait of the ruler on the front and the
Habsburg
The House of Habsburg (), alternatively spelled Hapsburg in Englishgerman: Haus Habsburg, ; es, Casa de Habsburgo; hu, Habsburg család, it, Casa di Asburgo, nl, Huis van Habsburg, pl, dom Habsburgów, pt, Casa de Habsburgo, la, Domus Hab ...
Double Eagle
A double eagle is a gold coin of the United States with a denomination of $20. (Its gold content of 0.9675 troy oz (30.0926 grams) was worth $20 at the 1849 official price of $20.67/oz.) The coins are 34 mm x 2 mm and are made from ...
on the back.
In the
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...
, the Maria Theresa thaler bearing the date of 1780 is a "protected coin" for the purposes of Part II of the
Forgery and Counterfeiting Act 1981
The Forgery and Counterfeiting Act 1981 (c 45) is an Act of the Parliament of the United Kingdom which makes it illegal to make fake versions of many things, including legal documents, contracts, audio and visual recordings, and money of the Uni ...
.
Ethiopia
![Shipment of thalers, Dire Dawa](https://upload.wikimedia.org/wikipedia/commons/9/96/Shipment_of_thalers%2C_Dire_Dawa.jpg)
The MTT is first recorded as circulating in
Ethiopia
Ethiopia, , om, Itiyoophiyaa, so, Itoobiya, ti, ኢትዮጵያ, Ítiyop'iya, aa, Itiyoppiya officially the Federal Democratic Republic of Ethiopia, is a landlocked country in the Horn of Africa. It shares borders with Eritrea to the ...
from the reign of Emperor
Iyasu II of Ethiopia (1730–1755). According to traveller
James Bruce
James Bruce of Kinnaird (14 December 1730 – 27 April 1794) was a Scottish traveller and travel writer who confirmed the source of the Blue Nile. He spent more than a dozen years in North Africa and Ethiopia and in 1770 became the first Eur ...
, the coin, not debased as other currencies, dominated the areas he visited in 1768.
Joseph Kalmer and Ludwig Hyun in the book ''Abessinien'' estimate that over 20% of 245 million coins minted until 1931 ended up in Ethiopia.
In 1868, the
British military expedition to
Magdala, the capital of Emperor
Tewodros II of Ethiopia
, spoken = ; ''djānhoi'', lit. ''"O steemedroyal"''
, alternative = ; ''getochu'', lit. ''"Our master"'' (pl.)
Tewodros II ( gez, ዳግማዊ ቴዎድሮስ, baptized as Gebre Kidan; 1818 – 13 April 1868) was Emperor of Ethiop ...
, under
Field Marshal Robert Napier, took MTTs with them to pay local expenses. In 1890 the Italians introduced the Tallero Eritreo, styled after the MTT, in their new colony Eritrea, also hoping to impose it on the commerce with Ethiopia. They remained, however, largely unsuccessful. In the early 1900s
Menelik II
, spoken = ; ''djānhoi'', lit. ''"O steemedroyal"''
, alternative = ; ''getochu'', lit. ''"Our master"'' (pl.)
Menelik II ( gez, ዳግማዊ ምኒልክ ; horse name Abba Dagnew ( Amharic: አባ ዳኘው ''abba daññäw''); 17 ...
unsuccessfully attempted to mint Menelik thalers locally, with his effigy, but styled following the model of the MTT, and force their use. The newly established
Bank of Abyssinia
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Because ...
also issued
banknotes
A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand.
Banknotes were originally issued ...
denominated in thalers. Starting in 1935 the Italians minted the MTT at the mint in Rome for use in their conquest of Ethiopia. Then during World War II, the British minted some 18 million MTTs in Bombay to use in their campaign to drive the Italians out of Ethiopia.
Citations
Further reading
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External links
The Maria Theresia Taler 1780– Provides information including history, description of variants, strike dates, valuation list, medals, and forgeries.
Austrian Mint– The place where the coin is minted to this day.
{{DEFAULTSORT:Maria Theresa Thaler
Silver coins
Currencies of Austria
Maria Theresa