World Library  
Flag as Inappropriate
Email this Article

Reichsthaler

 

Reichsthaler

The Reichsthaler was a standard Thaler of the Holy Roman Empire, established in 1566 by the Leipzig convention. It was also the name of a unit of account in northern Germany and of a silver coin issued by Prussia.

Contents

  • Reichsthaler coin 1
  • Reichsthaler unit of account 2
  • Prussian Reichsthaler 3
  • See also 4

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.

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, with the unit of account being worth ¾ of the value of a Reichsthaler coin. As a unit of account, the Reichsthaler was therefore equivalent to 112 of a Cologne mark of silver. After 1754, this unit (now ¾ of a Convenstionsthaler, 340 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 (1/36 of a Reichsthaler).

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 (or Hesse-Cassel) 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.

See also


This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.