Information AboutReichsthaler |
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| currencies of germany | |
| modern obsolete currencies | |
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THE REICHSTHALER COIN The Leipzig convention set the Reichsthaler as a coin containing 1/9 of a Cologne Mark of silver. The various German States within the Empire issued Reichsthaler together with smaller coins according to whatever system of subdivisions they chose. In 1754, the Conventionsthaler (containing 1/10 of a mark of silver) replaced the Reichsthaler as the standard. THE REICHSTHALER UNIT OF ACCOUNT At the same time as the Reichsthaler was being issued as a coin, it was also being used in much of northern Germany as a unit of account, worth ¾ of a Reichsthaler coin (equivalent to 1/12 of a Cologne mark of silver). After 1754, this unit (now ¾ of a Convenstionsthaler, 3/40 of a mark of silver) continued to be used, although it was more commonly referred to as simply a Thaler. In most of the states using the Reichsthaler as a unit of account, it was subdivided into 288 '' Pfennig '', with intermediate denominations such as the '' Groschen '' or ''Gutegroschen'', worth 12 Pfennig (1/24 of a Reichsthaler), and the ''Mariengroschen'', worth 8 Pfennig (1/32 of a Reichsthaler). THE PRUSSIAN REICHSTHALER In 1750, Prussia adopted a Reichsthaler (also often called the thaler) containing 1/14 of a Cologne mark of silver. This standard was referred to as the "Graumannscher Fuß" after Philipp Graumann, its originator. For more information, see Prussian Thaler . During the early 19th century, the smaller Prussian standard for the Reichsthaler replaced the larger standard in most of northern Germany. See Hannovarian Thaler , Hesse-Kassel Thaler , Mecklenburg Thaler and Saxon Thaler . The Prussian standard also became part of the currency used in southern Germany following the currency union of 1837. The thaler was worth 1¾ '' Gulden ''. These Thaler were replaced by the '' Vereinsthaler '', of almost the same weight, in 1857. |
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