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Reichstaler


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.

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.

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).


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