The History of Currency, 1252 to 1896Shaw, William Arthur
History
The History of Currency, 1252 to 1896
Shaw, William Arthur
Money -- History
All other German coins are no longer legal tender, and have been
withdrawn, with the single exception of the thaler pieces. Whatever
pieces of this kind still exist are legal tender to any amount, like the
imperial gold coins, each being equal to 3 marks. An Act of 20th April
1870 provides that _Vereinsthalers_ coined in Austria before 1867 should
also be full legal tender. An Act of 6th January 1876 has authorised the
Bundesrath to put the thaler pieces and the Austrian _Vereinsthalers_ on
the same footing as imperial silver coins, i.e. to make them legal
tender only up to 20 marks, the thaler being still reckoned at 3 marks.
Since the suspension of silver sales and of the withdrawal of the silver
thalers (May 1879) there is no likelihood that the Bundesrath will make
use of this authority conferred upon it.
In briefest résumé, the course of the silver coinage during the
preceding century may be presented thus:--
GERMANY--COURSE OF THE 1-THALER PIECES.
Thalers.
Total minted during 1750-1816 64,380,936
Withdrawn by the Government of the States 27,788,956
" under the new Imperial System, 1871-3 5,652,999
" " 1874 6,319,170
" " 1875 2,900,202
" " 1876 2,582,123
" " 1877 1,465,424
" " 1878 864,253
---------- 47,573,127
-----------
Leaving a balance not accounted for of 16,807,809
===========
Thalers.
Total minted during 1817-22 24,261,735
Withdrawn under the new Imperial System, 1871-3 3,623,511
" " 1874 5,147,970
" " 1875 2,580,580
" " 1876 2,373,496
" " 1877 1,421,719
" " 1878 766,908
---------- 15,914,184
-----------
Leaving a balance not accounted for of 8,347,551
===========
Public-domain text, read in full here on John Shaqi.
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