Open main menu

The Reichsthaler (German: [ˈʁaɪçsˌtaːlɐ]) was a standard Thaler of the Holy Roman Empire, established in 1566 by the Leipzig convention. It was also the name of a unit of account in northern Germany and of a silver coin issued by Prussia.

Contents

Reichsthaler coinEdit

The Leipzig convention set the Reichsthaler as a coin containing ​19 of a Cologne mark of silver. The various German states within the Empire issued Reichsthaler together with smaller coins according to whatever system of subdivisions they chose. In 1754, the Conventionsthaler (containing ​110 of a mark of silver) replaced the Reichsthaler as the standard.

Reichsthaler unit of accountEdit

At the same time as the Reichsthaler was being issued as a coin, it was also being used in much of Northern Germany as a unit of account, with the unit of account being worth ​34 of the value of a Reichsthaler coin. As a unit of account, the Reichsthaler was therefore equivalent to ​112 of a Cologne mark of silver. After 1754, this unit (now ​34 of a Convenstionsthaler, ​340 of a mark of silver) continued to be used, although it was more commonly referred to as simply a Thaler.

In most of the states using the Reichsthaler as a unit of account, it was subdivided into 288 Pfennig, with intermediate denominations such as the Groschen or Gutegroschen, worth 12 Pfennig (​124 of a Reichsthaler), and the Mariengroschen, worth 8 Pfennig (​136 of a Reichsthaler).

Prussian ReichsthalerEdit

In 1750, Prussia adopted a Reichsthaler (also often called the thaler) containing ​114 of a Cologne mark of silver. This standard was referred to as the Graumannscher Fuß after Johann Philipp Graumann, its originator.

During the early 19th century, the smaller Prussian standard for the Reichsthaler replaced the larger standard in most of northern Germany.

The Prussian standard also became part of the currency used in southern Germany following the currency union of 1837. The thaler was worth ​1 34 Gulden.

These Thaler were replaced by the Vereinsthaler, of almost the same weight, in 1857.

See alsoEdit