Cash

1/2 Thaler Hanoverian cash money 1801 ( Welter 2849)

As Cassengeld was in electoral Hanover 18th century in official statements since the middle refers to the officially accepted by the state coffers for deposits coins, which after since 1690 in force there Leipziger walk a 12-Taler- was marked, monetary standard .

Other states had already switched to a lighter coin rate, mostly the convention rate , so that in daily payment transactions increasingly “bad” foreign coins were displacing “good” money of the same denomination; the latter often flowed off abroad and was melted down there ( Gresham's law ).

The state coffers only accepted money after a lighter monetary standard at a discount, e.g. B .:

Cash	market value	relation	Discount
1 Groschen 10 Pfennig ndLF	2 groschen convention coin	22/24	8.33%
3 Mariengroschen by DLF	3 Mgr. 2 Pf. Convention coin	36/38	5.26%
4 thalers 16 groschen	Louis d'or = 5 thalers	112/120	6.67%

The name cash money is only found on coins in one issue with the inscription "I THALER HANNOVERISCH CASSEN GELD" or "1/2 THALER ...", which was minted in 1801 in only a few copies.

It was not until 1817 that Hanover adopted the convention foot , and then in 1834 the Prussian 14 thaler foot .

Individual evidence

1. ↑ ^{a b c d} Friedrich Frhr. v. Schrötter : dictionary of coinage . 2nd, unchanged edition. Walter de Gruyter , Berlin 1970, p. 300 .
2. ↑ ^{a b c} Gerhard Welter : The coins of the Guelphs since Heinrich the Lion . tape III . Klinkhardt & Biermann, Braunschweig 1978, p. 202 .