Gold thalers
Taler Gold (old spelling: Thaler Gold ) is the name for the unit of account that emerged from the Reichstaler and was used in Bremen from the middle of the 18th century until the introduction of the mark on July 1, 1872. In the 18th and 19th centuries, Bremen was the only area within the Holy Roman Empire or the German Confederation in which a gold standard was in place before 1872 .
It was worth 1 thaler gold = 72 grote = 360 swarms . Because of the commodity character, Bremen's own small change had a market value compared to the taler gold, which fluctuated with the general value ratio of gold to silver : Circulating silver coins were trading coins here .
Historical background
Since the first quarter of the 18th century, high-quality French gold coins , the Louisdor , abroad, etc. a. flowed to Bremen. While the circulating 2/3-thalers in silver had not proven to be of stable value, the louisdor offered a stable coin worth 5 thalers. Around 1745–1750, therefore, the Louisdor became a common currency in Bremen as a generally accepted currency and replaced large silver coins. These became a commodity traded in Louisdor (trading coin). To distinguish between thalers in the silver standard, the name Thaler Gold was chosen for 1/5 louis d'or .
Coins
Gold thalers actually minted in gold were never issued as official currency coins in Bremen. In addition to silver coins, there were also foreign gold coins in circulation in the city, above all Louisdor and other pistols worth around 5 Reichstalers such as the Friedrichsdor . These gold coins can be seen as the actual embodiment of 5 thalers of gold.
Silver coins labeled "Thaler Gold" were issued in 1863, 1865 and 1871 as commemorative coins. Both half and whole thalers of gold were struck. These silver coins followed a 1840 fixed monetary standard for minting Bremer Groten of about 13½ thaler from the fine cord .
Transition to the market currency
According to the Coin Act of December 4, 1871, 10 gold marks corresponded to 280/93 thalers gold. This resulted in the conversion:
1 thaler of gold = 3.32 marks, 1 groten = 0.05 marks, 1 swarm = 0.01 marks
When exchanged for marks in 1872, Bremen coins with a total value of 617,650 thalers gold were redeemed.
See also
literature
- Hermann Jungk: The Bremen coins - coins and medals of the Archdiocese and the city of Bremen , Bremen 1875. Digitized