Information AboutGroschen |
| CATEGORIES ABOUT GROSCHEN | |
| currencies of germany | |
| currencies of poland | |
| modern obsolete currencies | |
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See also Grosch , Silbergroschen , Neugroschen . GERMANY In Germany , the name Groschen replaced Schilling as the common name for a 12 Pfennig coin. In the 18th Century it was used predominantly in the northern states as a coin worth 1/24 of a Reichsthaler (equal to 1/32 of a Conventionsthaler ). In the 19th century, beginning in 1821 in Prussia , a new currency system was introduced in which the Groschen (often called the Silbergroschen or Neugroschen to distinguish it from older Groschen) was worth 1/30 of a Thaler . Following German unification and decimalization, the Groschen was replaced by the 10 Pfennig coin and Groschen remained a nickname for the 10 Pfennig coin until the introduction of the Euro . AUSTRIA Austria introduced the Groschen in 1924 as the subdivision of the Schilling . It was restored, along with the Schilling, in 1945 and continued in use until the introduction of the Euro. |
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