Coin disrepute

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Münzverruf (also Münzverrufung ) was in the Middle Ages and modern times a declaration by the holder of the right to mint that his coins or part of the circulating metal money would be invalid or devalued from a certain point in time.

Procedure

Poster of the Council of the City of Cologne from March 2, 1739, which forbids the import and distribution of Stüber coins , which are notorious in Holland (with transcript)

The disreputation happened through a call or written notice (coin decree, legal gazette or posters) posted in public places (market square, town hall, post office, banks). Coin rights holders were mostly countries, princes, mint stands or cities. In it, certain domestic or foreign types of coin , some with a picture, were expressly declared no longer or only partially eligible as of the specified date. In the late 18th century, in addition to foreign coins , even their own coins from older years were "regularly" devalued. B. 1 pfennig "old currency" was only accepted for ½ pfennig "new currency". Occasionally, older and foreign thalers and gold coins were upgraded to the national currency if they had previously been devalued at the legal coin rate (fineness per face value). Nobody had to (as a rule even was allowed to) accept this so-called money at its previous value after this date, as it was then converted accordingly for tax payments or even completely disreputable. With the impending total disrepute, exchange modalities were often indicated on these laws and posters. In addition, announcements about banknotes were occasionally made.

Originally, the revocation of coins (Latin renovatio monetae ) with subsequent coin renewal was introduced in order to enforce the Carolingian pfennig coins throughout the empire in the Franconian Empire, because as a rule the coins were only considered to be full in the markets near the minting location, apart from trading coins .

See also

literature

  • Roland Gräßler: The Erfurt coinage of the Archdiocese of Mainz from 1756 to 1802. Self-published in 2003.
  • Helmut Kahnt, Bernd Knorr: Old measures, coins and weights. A lexicon. Bibliographisches Institut, Leipzig 1986, licensed edition Mannheim / Vienna / Zurich 1987, ISBN 3-411-02148-9 , p. 392 ( Verrufung ).

Web links

Individual evidence

  1. ↑ Helmut Kahnt, Bernd Knorr: Old dimensions, coins and weights. A lexicon. Bibliographisches Institut, Leipzig 1986, licensed edition Mannheim / Vienna / Zurich 1987, ISBN 3-411-02148-9 , p. 388 f.