Coins issued in 1753

Monetary Convention of the German States

Before the unification of the Empire, the German States were part of the Kingdom and the Duchy, County, Principality, free city. All these numerous formations minted their own currency. Trade between the German States themselves was complicated by the use of different measurement systems, gold and silver standards. Each territorial entity had its own monetary system.
In the XVI century on the territory of the German States operated coin-operated charters and special districts that monitor their compliance. After the thirty years war and the financial crisis, the statutes were no longer respected, and monetary unions and conventions were again concluded. Such unions are concluded between the States that have the right to mint banknotes. Countries agreed on the size of the single coin of the foot and the procedure of control over observance of the agreements.
Coin stop determines the number of coins of a certain denomination, which is minted from a fixed measure of the weight of the metal. Permissible deviations are set. This is an attempt to standardize the weight and sample of coins.
In 1753, the Austrian-Bavarian monetary Treaty was concluded to bring the monetary system of the German States to uniformity. The countries participating in the Convention are Austria, Saxony, Bavaria and other States of South and West Germany.
According to the Convention, Thaler corresponded to two guilders. From one Cologne brand of pure silver countries were allowed to print 10 thalers or 20 guilders. In accordance with the weight of the brand Thaler weighed 28.04 g, which – 23.389 g of pure silver.
The coin contract did not provide for the denomination on the coins. Convention Thaler, a denomination of¼,½, 1 and 2, marked with inscriptions, which translated means: what part of the mark corresponds to the coin. Talers made according to the Convention were designated to distinguish them from other types of coins – kronentaler, reichstaler, etc. the Same inscriptions were printed on the Convention guldens. The inscription was applied in different versions:
• according to the conventional stop;
• according to the Convention.
The conventional stop of 1753 was used for more than 100 years, until the signing of the Munich coin Treaty in 1857.