The History of Currency, 1252 to 1896Shaw, William Arthur
History
The History of Currency, 1252 to 1896
Shaw, William Arthur
Money -- History
In the case of Lübeck direct documentary evidence of transactions
relating to the introduction of a gold coinage has survived among the
archives of that state. The privilege of a Mint and of coining (of
silver) was first granted to Lübeck by Frederick II. in 1226. But it was
not until a century and more later that Louis the Bavarian, by his bull
of 28th November 1340, conceded the right of coining gold "in pieces
which were to be neither heavier nor of higher worth than the florin of
Florence." On the 8th September in the following year the Lübeck Mint
made its first purchase of gold from a certain Jacob Grell of Zütphen in
Holland. The purchase consisted of 4 marks 1 loth 8 pfen. weight of gold
(Lübeck weight), and the price paid was 24 solidi the carat. In other
parcels, up to Michaelmas of 1341, the authorities remitted to the Mint
a total weight of metal of 50 marks 2 oz. 3-1/2 ang., varying in
fineness from 15 to 23 carats. The consignment yielded in the pot 46
marks 1 oz. 7 ang. of pure metal, and was coined into 3199 pieces of a
total weight of 47 marks 5 oz. 10 ang., being 67.08 gold pieces to the
Lübeck mark. The coins were issued on the 18th February 1342, and bore
on the one side the lily of Florence and on the other the figure of John
the Baptist--all in direct imitation of the florin. The total issues
made in the immediately succeeding years from the Lübeck Mint were:--
1342 24,783 florins 67.26 to the mark.
" 5,483 " 67.11 " "
1343 30,436 " " " "
1344 32,590 " " " "
With more or less irregularity the earliest German guldens imitated the
florin, and maintained something like a steady and uniform denomination
quite up to the beginning of the last quarter of the fourteenth
century.
[Sidenote: GOLD COINAGE IN FRANCE]
Public-domain text, read in full here on John Shaqi.
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