Bavarian-Austrian coinage convention

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The Bavarian-Austrian Coin Convention is a coinage treaty that was signed between Bavaria and Austria on September 20, 1753 to harmonize their currencies .

occasion

Kurbrandenburg , Electoral Saxony and the Duchy of Braunschweig-Lüneburg decided in Leipzig in 1690 to mint 12 thalers from the Cologne mark , a weight unit of approx. 234 grams of fine silver from the Germanic era. This "12-Taler-Fuß" or Leipziger Münzfuß became more and more popular and was recognized as the Reichsmünzfuß in 1738.

As early as the middle of the 18th century , some coin stands had deviated from this monetary standard again and were coin- ting more coins from the Cologne mark.

Determinations

In order to bring order and comparability into the coinage of their countries again, Bavaria and Austria agreed to mint the convention thaler, of which 10 pieces from the Cologne mark were minted. These thalers therefore bore the legend TEN EINE FEINE MARK. The convention thaler was thus a heavier and more valuable thaler than the thalers after the Leipzig foot and the thalers, which were sometimes even lighter. The division of the taler into cruisers was also determined.

Effects

After the Seven Years War , other countries took over the base of the Convention. Hanover, on the other hand, stayed true to the Leipzig foot and Prussia introduced the 14 thaler foot in 1750 (" Graumann coin foot ").

See also

literature

Individual evidence

  1. ↑ Wolfgang Trapp: Kleines Handbuch der Münzkunde and the monetary system in Germany , p. 88.
  2. ↑ Wolfgang Trapp: Kleines Handbuch der Münzkunde and the monetary system in Germany , p. 90.
  3. ↑ Wolfgang Trapp: Kleines Handbuch der Münzkunde and the monetary system in Germany , p. 91.
  4. ↑ Wolfgang Trapp: Kleines Handbuch der Münzkunde and the monetary system in Germany , p. 93.