The History of Currency, 1252 to 1896Shaw, William Arthur
History
The History of Currency, 1252 to 1896
Shaw, William Arthur
Money -- History
3. The groschen (= 1/24 Reichs gulden)--94-1/2 to the mark, 7 loth
5 grs. fine (= 207-99/131 to the mark of fine silver).
Accompanying these regulations, however, there was a tariff as before,
but more comprehensive, for the temporary recognition of a miscellaneous
mass of coins of the Rhine, the Netherlands, Lower Saxony, Higher
Saxony, Franconia, and the mark of Brandenburg. Thus--
GROSCHEN.
Reichs groschen, at 12 pfennige, 24 = 1 gulden, at 72 kreutzers.
Groschen of Misnia and Franconia,
at 12 pfennige, 25-1/5 = " "
Rhenish _albi_ and Netherland
stuyvers, at 8 pfennige, 28 = " "
Lübeck schellingen,
at 12 pfennige, 28-4/5 = " "
Groschen of the Mark,
at 8 pfennige, 38-2/5 = " "
PFENNIGE.
Of the Tyrol, 300 = 1 gulden, at 60 kreutzers.
Of Lübeck, 288 = " "
Of the mark of Brandenburg, 256 = " "
Of Saxony and Franconia, 252 = " "
Of Austria, 4 loth fine, 649 to the mark, 240 = " "
Of Bavaria, 210 = " "
Of the Rhine, 186-2/3 = " "
Of Swabia, 180 = " "
Of Würtemberg, 168 = " "
Rappen, 250 = " "
Of Strasburg, 120 = " "
This ordinance obtained no more vogue than its predecessor, the main
cause of its slighting being the dissatisfaction of the powers of Upper
and Lower Saxony at the tariffing of the thaler, which they declared to
be too low, and accordingly advanced (1555) to 24 groschen (= 32 Marien
groschen = 72 kreutzers).
The third Imperial Ordinance was issued at Augsburg on the 19th August
1559. Practically the same standard and basis was maintained as in the
preceding ordinance, the mark of fine silver being coined into 10
florins 13-1/2 kreutzers in the larger species.
But in the detail of these larger species an important difference was
established.
The silver gulden had hitherto been equal to the gold gulden. The actual
specie silver gulden in pieces of the time was nominally equivalent to
60 kreutzers. But since 1551 there had been minted a Reichs gulden in
specie equal to 72 kreutzers.
In order to mark the difference it was determined to coin in future only
silver gulden = 60 kreutzers, while the gold gulden was put at 75
kreutzers.
The specie authorised by this third Imperial Ordinance therefore were--
1. Gold gulden, 72 to mark, 18-1/2-carat fine, to equal 75
kreutzers.
Public-domain text, read in full here on John Shaqi.
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