Guldengroschen

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Guldengroschen
Guildiner 661828.jpg
O   •SIGISMVNDVS: *: ARCHIDVX• AVSTRIE•, Sigismund standing in armor, wearing crown and holding orb; shield to left, crested helmet to right R Armored knight on horseback right, carrying banner; arms of Austrian provinces around.
Sigismund, Archduke of Austria. 1427-1496.
An official restrike of the 1486 Tiroler Guldengroschen 1486 Tiroler Guldengroschen of Sigismund coin.jpg
An official restrike of the 1486 Tiroler Guldengroschen

The Guldengroschen or Guldiner was a large silver coin originally minted in Tirol in 1486, but which was introduced into the Duchy of Saxony in 1500. [1]

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The name "Guldengroschen" came from the fact that it has an equivalent denomination value in silver relative to that of the goldgulden (60 kreuzer ). In the latter years of the 1470s and early years of the 1480s Sigismund of Austria issued decrees that reformed the poor state of his region's coinage by improving the silver fineness back to a level not seen in centuries (.937 pure) and created denominations larger than the ubiquitous, but fairly low valued Groschen of 4 to 6 Kreuzer that were in use.

In 1484, small numbers of "half guldengroschens" valued at 30 kreuzer were issued. This was a revolutionary leap in denomination from the smaller pieces, and surpassed even the large testones of Italy which were the highest weight coins in use. Finally, in 1486 the full sized guldengroschen of 60 kreuzers was put into circulation and it was soon nicknamed "Guldiner". For a long time thereafter such coins were also called "unciales" because their actual silver weight was very nearly one ounce. As large quantities of silver became available other states began issuing guldiners of their own. Bern, in modern-day Switzerland was one of the earliest to follow the County of Tyrol by issuing its guldiners in 1493. In 1500, Saxony's mint at Annaberg took minting of guldiners to new heights and the economies of central Europe welcomed these large new coins.

Guldengroschen Munze Erzherzog Sigismund.jpg
Guldengroschen

The original Tyrolean guldiner was designed so that eight coins minted would weigh in pure silver at one Tyrolean Mark. This was fine for the Tyrol, but much of Europe was accustomed to measuring by the more widely used Cologne mark. The penultimate development of the guldiner occurred in 1518 when the Joachimsthal mint in Habsburg-controlled Bohemia slightly altered the weight of the coin from 31.93 g down to 29.23 g. [2] This made it possible to mint nine guldiners to have the silver weight equivalent of one Cologne Mark, rather than the eight in Tirol. This new coin was known as the Joachimsthaler (Joachimsthal guldiner), [2] but like the guldengroschen being contracted to guldiner, the Joachimsthaler became known simply as the thaler . [3] This new coin was an instant success and was the great grandfather of many other similar weight coins like the daalder, dollar, tolar, tallero, etc.

The 1524 Reichsmünzordnung defined a standard Guldengroschen for the Holy Roman Empire, at 18th Cologne Mark of silver, 15/16 fine - hence, 27.405 g fine silver. [4] It was valued at 60 kreuzer in 1524 and 72 kreuzer after 1555. This imperial Guldengroschen ended in 1566 with the issuance of the Reichsthaler, which contained less silver (25.984 g), but was also valued at 72 kreuzer.

700 Years City of Hall in Tyrol commemorative coin 2003 Austria 25 Euro 700 Years City of Hall in Tyrol back.jpg
700 Years City of Hall in Tyrol commemorative coin

Guldengroschen represented in other coins

Guldengroschen itself, has been the main motive for many collectors coins and medals. One of the most recent is the Austrian 700 Years City of Hall in Tyrol commemorative coin, minted on January 29, 2003. The reverse side of the coin shows the Guldiner silver coin. However, the design is negative, representing a coin die, as a reference to Hall’s history as a significant centre for minting coins.

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Groschen

Groschen a name for various coins, especially a silver coin used in various states of the Holy Roman Empire and other parts of Europe. 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 a abbreviation symbol; later it was written as Gr or g.

Vereinsthaler

The Vereinsthaler was a standard silver coin used in most German states and the Austrian Empire in the years before German unification.

<i>Conventionsthaler</i> Coin

The Conventionstaler or Konventionstaler, was a standard silver coin in Austrian Empire and the southern Germany states of the Holy Roman Empire from the mid-18th to early 19th-centuries. Its most famous example is the Maria Theresa thaler which is still minted today. The Conventionsgulden was equivalent to a 12Conventionsthaler.

<i>Reichsthaler</i>

The Reichsthaler, or more specifically the Reichsthaler specie, was a standard thaler silver coin introduced by the Holy Roman Empire in 1566 for use in all German states, minted in various versions for the next 300 years, and containing 25–26 grams fine silver.

Austro-Hungarian gulden

The Gulden or forint was the currency of the lands of the House of Habsburg between 1754 and 1892, when it was replaced by the krone/korona as part of the introduction of the gold standard. In Austria, the Gulden was initially divided into 60 Kreuzer, and in Hungary, the forint was divided into 60 krajczár. The currency was decimalized in 1857, using the same names for the unit and subunit.

The South German Gulden was the currency of the states of southern Germany between 1754 and 1873. These states included Bavaria, Baden, Württemberg, Frankfurt and Hohenzollern. It was divided into 60 kreuzer, with each kreuzer worth 4 pfennig or 8 heller.

Zürich thaler

The cantons of the Old Swiss Confederacy used a currency system consisting of based on the old unit of the Schilling, with the Schilling divided into 4 Rappen or 12 Haller. The Taler was a large silver coin equivalent to 72 Schilling or 2 Gulden that came into use in the 16th century. The Batzen was an intermediate coin equivalent to 2 Schilling or 118Gulden.

Hasegg Castle

Hasegg Castle is a castle and mint located in Hall in Tirol, Tyrol, Austria.

The Reichsmünzordnung was an attempt to unify the numerous disparate coins in use in the various states of the Holy Roman Empire in the 16th century.

The North German thaler was a currency used by several states of Northern Germany from 1690 to 1873, first under the Holy Roman Empire, then by the German Confederation. Originally equal to the Reichsthaler specie or silver coin from 1566 until the Kipper und Wipper crisis of 1618, a thaler currency unit worth less than the Reichsthaler specie was first defined in 1667 and became widely used after adoption of the Leipzig currency standard of 1690.

Coinage of Saxony

The history of Saxon coinage or Meissen-Saxon coinage comprises three major periods: the high medieval regional Pfennig period, the late medieval Pfennig period and the Thaler period, which ended with the introduction of the Mark in 1871/72. Rich silver deposits, which were discovered near Freiberg after the middle of the 12th century, helped Saxony to a leading position in German coinage.

<i>Wechselthaler</i>

The Wechselthaler, also spelt Wechseltaler or Wechsel-Thaler, was minted in 1670 and 1671 in the Electorate of Saxony under Elector John George II (1656–1680) to the Wechselthaler or Burgundianthaler standard (861/1000 fineness). As the name suggests, the Wechselthaler and its subdivisions were intended as a currency to encourage Leipzig's trade with Hamburg and the Netherlands. The first coins from 1670 therefore bear the inscription WECHSELTHALER on the reverse. The Wechselthaler standard was only valid in Electoral Saxony in 1670 and 1671.

The Reichsmünzfuß was a coinage standard or Münzfuß officially adopted for general use in the Holy Roman Empire. Different imperial coin standards were defined for different types of coins.

<i>Konventionsfuß</i>

A Konventionsfuß was a coinage standard established by state treaty, the convention. The first was between Austria and a number of German states of the Holy Roman Empire in the mid-18th century. This Convention determined that 20 gulden or 10 Speziesthaler be minted from a single Cologne mark of fine silver. Since the Cologne mark weighed approximately 233 g, one gulden had a fine weight of 11.69 g of silver.

The Reichsguldiner, Reichsguldener or Guldenthaler was a large silver coin issued under the second Augsburg Imperial Minting Ordinance (Reichsmünzordnung) of 1559. The Reichsguldiner was to have a value of 60 kreuzers and be minted from a silver alloy of 930.5/1000 with a gross weight of 24.6 g. The reverse of the coin was to bear the double-headed Imperial Eagle and an Imperial Orb with the denomination 60.

References

  1. Miller (2020), p. 152.
  2. 1 2 Miller (2020), p. 91.
  3. Miller (2020), p. 155.
  4. Miller (2020), p. 79.

Literature