Coin Base Weight
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Coin Base Weight
A coin base weight (''Münzgrundgewicht'') is a mathematical reference for the minting of coins that was used in the monetary systems of the Holy Roman Empire. In conjunction with the coin standard (''Münzfuß''), the coin base weight indicates how many coins are to be minted from a specified standard weight.''Politisches Handbuch (1871), p. 205. Development Carolingian Pound The first coin base weight to be specified was the Carolingian Pound, a pound of pure silver weighing 407.92 g.Hauck & Hauck (1875), pp. 15–16. Cologne Mark The Carolingian Pound was superseded by what became the most common coin base weight in Central Europe from the Middle Ages to the 19th century. This was the Cologne Mark of 233.779 grams of silver. Silver coins of different weights were minted from this standard weight. If ''Thalers'' were minted from the Cologne Mark to, say, a 10 ''Thaler'' standard (called ''Fuß'' i.e. "foot"), the ''Thaler'' contained approx. 23.4 grams of silver (10 ''Tha ...
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XIV Und XXX Talerfuß
14 (fourteen) is a natural number following 13 and preceding 15. In relation to the word "four" ( 4), 14 is spelled "fourteen". In mathematics * 14 is a composite number. * 14 is a square pyramidal number. * 14 is a stella octangula number. * In hexadecimal, fourteen is represented as E * Fourteen is the lowest even ''n'' for which the equation φ(''x'') = ''n'' has no solution, making it the first even nontotient (see Euler's totient function). * Take a set of real numbers and apply the closure and complement operations to it in any possible sequence. At most 14 distinct sets can be generated in this way. ** This holds even if the reals are replaced by a more general topological space. See Kuratowski's closure-complement problem * 14 is a Catalan number. * Fourteen is a Companion Pell number. * According to the Shapiro inequality 14 is the least number ''n'' such that there exist ''x'', ''x'', ..., ''x'' such that :\sum_^ \frac < \frac where ''x'' = ''x'', ''x'' ...
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Mint (facility)
A mint is an industrial facility which manufactures coins that can be used as currency. The history of mints correlates closely with the history of coins. In the beginning, hammered coinage or cast coinage were the chief means of coin minting, with resulting production runs numbering as little as the hundreds or thousands. In modern mints, coin dies are manufactured in large numbers and planchets are made into milled coins by the billions. With the mass production of currency, the production cost is weighed when minting coins. For example, it costs the United States Mint much less than 25 cents to make a quarter (a 25 cent coin), and the difference in production cost and face value (called seigniorage) helps fund the minting body. Conversely, a U.S. penny ($0.01) cost $0.015 to make in 2016. History The first minted coins The earliest metallic money did not consist of coins, but of unminted metal in the form of rings and other ornaments or of weapons, which were used for th ...
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Coin
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 facilitate trade. They are most often issued by a government. Coins often have images, numerals, or text on them. ''Obverse'' and its opposite, ''reverse'', refer to the two flat faces of coins and medals. In this usage, ''obverse'' means the front face of the object and ''reverse'' means the back face. The obverse of a coin is commonly called ''heads'', because it often depicts the head of a prominent person, and the reverse ''tails''. Coins are usually made of metal or an alloy, or sometimes of man-made materials. They are usually disc shaped. Coins, made of valuable metal, are stored in large quantities as bullion coins. Other coins are used as money in everyday transactions, circulating alongside banknotes. Usually the highest va ...
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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 in 1806 during the Napoleonic Wars. From the accession of Otto I in 962 until the twelfth century, the Empire was the most powerful monarchy in Europe. Andrew Holt characterizes it as "perhaps the most powerful European state of the Middle Ages". The functioning of government depended on the harmonic cooperation (dubbed ''consensual rulership'' by Bernd Schneidmüller) between monarch and vassals but this harmony was disturbed during the Salian Dynasty, Salian period. The empire reached the apex of territorial expansion and power under the House of Hohenstaufen in the mid-thirteenth century, but overextending led to partial collapse. On 25 December 800, Pope Leo III crowned the List of Frankish kings, Frankish king Charlemagne as Carolingi ...
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Coin Standard
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 facilitate trade. They are most often issued by a government. Coins often have images, numerals, or text on them. ''Obverse'' and its opposite, ''reverse'', refer to the two flat faces of coins and medals. In this usage, ''obverse'' means the front face of the object and ''reverse'' means the back face. The obverse of a coin is commonly called ''heads'', because it often depicts the head of a prominent person, and the reverse ''tails''. Coins are usually made of metal or an alloy, or sometimes of man-made materials. They are usually disc shaped. Coins, made of valuable metal, are stored in large quantities as bullion coins. Other coins are used as money in everyday transactions, circulating alongside banknotes. Usually the highest value ...
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Carolingian Pound
The Carolingian pound ( lat, pondus Caroli, german: Karlspfund), also called Charlemagne's pound or the Charlemagne pound, was a unit of weight that emerged during the reign of Charlemagne. It served both as a trading weight and a coinage weight. It had a mass of about 408 g and was introduced in as part of Charlemagne's monetary reform around AD 793/94. This stipulated that 240 ''denarii'' (= ''pfennigs'') were to be minted from one pound weight of silver. The units of weight that emerged over time as a result of the Carolingian monetary system and its associated pound or ''Karlspfund'', were of great importance for large parts of Europe. The basic features of this monetary system, which was based on the Carolingian pound, continued to exist in England until 1971. Initially, the Carolingian pound was valid across the whole of the Carolingian Empire and, to a lesser extent, in the Holy Roman Empire under the Ottonian dynasty that followed. Under the Salians, who ruled from 1024, the ...
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Middle Ages
In the history of Europe, the Middle Ages or medieval period lasted approximately from the late 5th to the late 15th centuries, similar to the post-classical period of global history. It began with the fall of the Western Roman Empire and transitioned into the Renaissance and the Age of Discovery. The Middle Ages is the middle period of the three traditional divisions of Western history: classical antiquity, the medieval period, and the modern period. The medieval period is itself subdivided into the Early, High, and Late Middle Ages. Population decline, counterurbanisation, the collapse of centralized authority, invasions, and mass migrations of tribes, which had begun in late antiquity, continued into the Early Middle Ages. The large-scale movements of the Migration Period, including various Germanic peoples, formed new kingdoms in what remained of the Western Roman Empire. In the 7th century, North Africa and the Middle East—most recently part of the Eastern Ro ...
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Circulation Coin
A circulation issue or circulation coin,_ (1988). ''The American Coin Redesign Act'', Volume 4, by United States Congress Senate Committee on Banking, Housing, and Urban Affairs. sometimes called a business strike (US), is a coin minted and issued for commerce as opposed to those made as commemorative coins and proof coins. Circulation issue coins are normally produced in relatively large numbers, and are primarily meant to be used as pocket change, not collected. Even though special collector coins, such as proof coinage Proof coinage refers to special early samples of a coin issue, historically made for checking the dies (as in demonstrating that something is true) and for archival purposes. Nowadays proofs are often struck in greater numbers specially for co ..., are produced in smaller numbers, the circulation issue coins are sometimes more valuable in high grade than their proof counterparts. This is because whereas proof coins are almost always carefully preserved by t ...
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Dresden Coinage Treaty
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 the German Customs Union or ''Zollverein'', held at Dresden. The conference had been prompted in part by the Munich Coin Treaty of 1837, by which the south German states adopted a unified currency. The Dresden Treaty was concluded on 30 July 1838 and was ratified by the States of the Zollverein at a follow-up meeting on 7 January 1839. The contracting parties to the convention agreed to use either the Prussian thaler or the gulden; the treaty established permanently fixed exchange rates between the two currencies. The thaler was agreed to be equal to 1.75 gulden and thus the gulden was agreed to be equal to 4/7 thaler. The parties to the treaty were the states that at the time were members of the Zollverein: Baden, Bavaria, Frankfurt, Hes ...
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Sachsen Zwölfteltaler DMK 178
Saxony (german: Sachsen ; Upper Saxon German, Upper Saxon: ''Saggsn''; hsb, Sakska), officially the Free State of Saxony (german: Freistaat Sachsen, links=no ; Upper Saxon: ''Freischdaad Saggsn''; hsb, Swobodny stat Sakska, links=no), is a landlocked state of Germany, bordering the states of Brandenburg, Saxony-Anhalt, Thuringia, Bavaria, as well as the countries of Poland and the Czech Republic. Its capital is Dresden, and its largest city is Leipzig. Saxony is the List of German states by area, tenth largest of Germany's sixteen states, with an area of , and the List of German states by population, sixth most populous, with more than 4 million inhabitants. The term Saxony (other), Saxony has been in use for more than a millennium. It was used for the medieval Duchy of Saxony, the Electorate of Saxony of the Holy Roman Empire, the Kingdom of Saxony, and twice for a republic. The first Free State of Saxony was established in 1918 as a constituent state of the Weimar ...
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