Mainz-Palatinate Pfennig Association
The Mainz – Palatinate Pfennig Association was a coin association founded in 1424 on the Middle Rhine. Members were the Electors of Mainz and Trier , who were also members of the Rheinischer Münzverein , the Palatinate branch lines Pfalz-Simmern and Pfalz-Mosbach , the Diocese of Speyer and the County of Wertheim .
A gold guilder (weighing 3.5 grams) with a fineness of initially 23 and later 19 carats was minted as a trading coin ; ie 66 guilders were struck from one Cologne mark , later 76 guilders. The white penny (2.24 grams) was minted as a silver groschen coin for daily use ; d. H. 96 white pfennigs were struck from a Cologne mark (12 ½ soldered silver). 20 white pennies were worth one gold gulden.
literature
- Heinz Fengler, Gerhard Gierow, Willy Unger: Transpress Lexicon Numismatics. Berlin 1976.