Bavaria used the South German gulden (also called 'Florin'[citation needed]) as its currency until 1873. Between 1754 and 1837 it was a unit of account, worth 5⁄12 of a Conventionsthaler, used to denominate banknotes but not issued as a coin. The Gulden was worth 50 Conventionskreuzer or 60 Kreuzer Landmünze.
![](http://upload.wikimedia.org/wikipedia/commons/thumb/b/b5/Bayerische_Staatsschuldentilgungscommission_50_Gulden_1866.jpg/220px-Bayerische_Staatsschuldentilgungscommission_50_Gulden_1866.jpg)
The first Gulden coins were issued in 1837, when Bavaria entered into the South German Monetary Union, setting the Gulden equal to four sevenths of a Prussian Thaler. The Gulden was subdivided into 60 Kreuzer. In 1857, the Gulden was set equal to four sevenths of a Vereinsthaler.
The Gulden was replaced by the Mark at a rate of 1 Mark = 35 Kreuzer.
References
edit- Krause, Chester L.; Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.