The Mark (from Middle High German: Marc, march, brand) is originally a medieval weight or mass unit, which supplanted the pound weight as a precious metals and coinage weight in parts of Europe in the 11th century. The Mark is traditionally divided into 8 ounces or 16 lots. The Cologne mark corresponded to about 234 grams.
Like the German systems, the French poids de marc weight system considered one "Marc" equal to 8 troy ounces.[ citation needed ]
Just as the pound of 12 troy ounces (373 g) lent its name to the pound unit of currency, the mark lent its name to the mark unit of currency.
The Etymological Dictionary of the German Language by Friedrich Kluge derives the word from the Proto-Germanic term marka, "weight and value unit" (originally "division, shared"). [1]
The etymological dictionary by Wolfgang Pfeifer sees the Old High German marc, "delimitation, sign", as the stem and assumes that marc originally meant "minting" (marking of a certain weight), later denoting the ingot itself and its weight, and finally a coin of a certain weight and value. [2]
According to an 1848 trade lexicon, the term Gewichtsmark comes from the fact that "the piece of metal used for weighing was stamped with a sign or symbol". [3] Meyer's 1905 Konversationslexikon similarly derives the origin of the word to the emergence of the mark from the Roman pound of to 11 ounces. Charlemagne, as King of the Franks, carried out a monetary and measures reform towards the end of the 8th century. In particular, he had introduced the Karlspfund ("Charles pound") as the basic unit of coinage and trade which, however, weighed only 8 ounces. In order to prevent a further reduction in the weight of a pound, a sign, the mark, was now stamped on the new weights. The actual weight of these weights, known as marca, is said to have fluctuated between 196 g and 280 g. [4]
The carat (ct) is a unit of mass equal to 200 mg, which is used for measuring gemstones and pearls. The current definition, sometimes known as the metric carat, was adopted in 1907 at the Fourth General Conference on Weights and Measures, and soon afterwards in many countries around the world. The carat is divisible into 100 points of 2 mg. Other subdivisions, and slightly different mass values, have been used in the past in different locations.
Dollar is the name of more than 25 currencies. The United States dollar, named after the international currency known as the Spanish dollar, was established in 1792 and is the first so named that still survives. Others include the Australian dollar, Brunei dollar, Canadian dollar, Eastern Caribbean dollar, Hong Kong dollar, Jamaican dollar, Liberian dollar, Namibian dollar, New Taiwan dollar, New Zealand dollar, Singapore dollar, Trinidad and Tobago Dollar and several others. The symbol for most of those currencies is the dollar sign $ in the same way as many countries using peso currencies. The name "dollar" originates from Bohemia and a 29 g silver-coin called the Joachimsthaler.
The pound or pound-mass is a unit of mass used in both the British imperial and United States customary systems of measurement. Various definitions have been used; the most common today is the international avoirdupois pound, which is legally defined as exactly 0.45359237 kilograms, and which is divided into 16 avoirdupois ounces. The international standard symbol for the avoirdupois pound is lb; an alternative symbol is lbm, #, and ℔ or ″̶.
Troy weight is a system of units of mass that originated in 15th-century England and is primarily used in the precious metals industry. The troy weight units are the grain, the pennyweight, the troy ounce, and the troy pound. The troy grain is equal to the grain unit of the avoirdupois system, but the troy ounce is heavier than the avoirdupois ounce, and the troy pound is lighter than the avoirdupois pound. One troy ounce equals exactly 31.1034768 grams.
The ounce is any of several different units of mass, weight, or volume and is derived almost unchanged from the uncia, an Ancient Roman unit of measurement.
The English penny, originally a coin of 1.3 to 1.5 grams pure silver, was introduced c. 785 by King Offa of Mercia. These coins were similar in size and weight to the continental deniers of the period and to the Anglo-Saxon sceats which had preceded it.
Rupee is the common name for the currencies of India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates, British East Africa, Burma, German East Africa, and Tibet. In Indonesia and the Maldives, the unit of currency is known as rupiah and rufiyaa respectively, cognates of the word rupee.
Shekel or sheqel is an ancient Mesopotamian coin, usually of silver. A shekel was first a unit of weight—very roughly 11 grams —and became currency in ancient Tyre and ancient Carthage and then in ancient Israel under the Maccabees.
Avoirdupois is a measurement system of weights that uses pounds and ounces as units. It was first commonly used in the 13th century AD and was updated in 1959.
The mark was a currency or unit of account in many states. It is named for the mark unit of weight. The word mark comes from a merging of three Germanic words, Latinised in 9th-century post-classical Latin as marca, marcha, marha or marcus. It was a measure of weight mainly for gold and silver, commonly used throughout Europe and often equivalent to 8 troy ounces (250 g). Considerable variations, however, occurred throughout the Middle Ages.
The pfennig ; symbol pf or ₰) or penny is a former German coin or note, which was the official currency from the 9th century until the introduction of the euro in 2002. While a valuable coin during the Middle Ages, it lost its value through the years and was the minor coin of the Mark currencies in the German Reich, West Germany and East Germany, and the reunified Germany until the introduction of the euro. Pfennig was also the name of the subunit of the Danzig mark (1922–1923) and the Danzig gulden (1923–1939) in the Free City of Danzig.
Groschen is the name for various coins, especially a silver coin used in parts of Europe such as France, some of the Italian states, England, various states of the Holy Roman Empire, among others. The word is borrowed from the late Latin description of a tornose, a grossus denarius Turnosus, in English the "thick denarius of Tours". Groschen was frequently abbreviated in old documents to gl, whereby the second letter was not an l, but an abbreviation symbol; later it was written as Gr or g.
The apothecaries' system, or apothecaries' weights and measures, is a historical system of mass and volume units that were used by physicians and apothecaries for medical prescriptions and also sometimes by scientists. The English version of the system is closely related to the English troy system of weights, the pound and grain being exactly the same in both. It divides a pound into 12 ounces, an ounce into 8 drachms, and a drachm into 3 scruples of 20 grains each. This exact form of the system was used in the United Kingdom; in some of its former colonies, it survived well into the 20th century. The apothecaries' system of measures is a similar system of volume units based on the fluid ounce. For a long time, medical recipes were written in Latin, often using special symbols to denote weights and measures.
The fineness of a precious metal object represents the weight of fine metal therein, in proportion to the total weight which includes alloying base metals and any impurities. Alloy metals are added to increase hardness and durability of coins and jewelry, alter colors, decrease the cost per weight, or avoid the cost of high-purity refinement. For example, copper is added to the precious metal silver to make a more durable alloy for use in coins, housewares and jewelry. Coin silver, which was used for making silver coins in the past, contains 90% silver and 10% copper, by mass. Sterling silver contains 92.5% silver and 7.5% of other metals, usually copper, by mass.
Pistole is the French name given to a Spanish gold coin in use from 1537; it was a doubloon or double escudo, the gold unit. The name was also given to the Louis d'Or of Louis XIII of France, and to other European gold coins of about the value of the Spanish coin. One pistole was worth approximately ten livres or three écus, but higher figures are also seen. The derivation is uncertain; the term may come from the Czech píšťala, or from the Italian town of Pistoia; either way, it was originally spelled pistolet and originated in military slang, and probably has the same root as pistol.
Silver coins are considered the oldest mass-produced form of coinage. Silver has been used as a coinage metal since the times of the Greeks; their silver drachmas were popular trade coins. The ancient Persians used silver coins between 612–330 BC. Before 1797, British pennies were made of silver.
The coinage reform of Augustus refers to the reform of Roman currency undertaken by Augustus in 23 BC.
The Exchequer Standards may refer to the set of official English standards for weights and measures created by Queen Elizabeth I, and in effect from 1588 to 1825, when the Imperial units system took effect, or to the whole range of English unit standards maintained by the Court of the Exchequer from the 1200s, or to the physical reference standards physically kept at the Exchequer and used as the legal reference until the such responsibility was transferred in the 1860s, after the Imperial system had been established.
The Carolingian monetary system, also called the Carolingian coinage system or just the Carolingian system, was a currency structure introduced by Charlemagne in the late 8th century as part of a major reform, the effects of which subsequently dominated much of Europe, including Britain, for centuries. It is characterised by having three denominations with values in the ratio 240:12:1, the units of which went under different names in the different languages, but which corresponded to the Latin terms libra (pound), solidus (shilling) and denarius (penny), respectively.
The Carolingian pound, also called Charlemagne's pound or the Charlemagne pound, was a unit of weight that emerged during the reign of Charlemagne. It served both as a trading weight and a coinage weight. It had a mass of about 408 g and was introduced in as part of Charlemagne's monetary reform around AD 793/94. This stipulated that 240 denarii were to be minted from one pound weight of silver.