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of 5 thalers was issued when the ratio of gold to silver price dropped from 15 to 14.5 in the first half of the 18th century, making it cheaper to repay thaler-denominated obligations in gold. At 6.05 g fine gold per pistole, each thaler was worth 1.21g fine gold & 1.21 x14.5 = 17.545 g fine
154:
silver, cheaper than the prevailing standard of 19.488 g fine silver. Even at the pistole's lower value of 4.8 thalers, the thaler's silver equivalent of 18.3 g is still below the standard.
146:, until 1855. From 1747 a double Friedrich d'or was minted, and a half Friedrich d'or from 1749. Its fine weight sank in 1770 from 6.05 to 6.03 grams.
171:, or 17.539 g fine silver (in Prussia, 14 per Mark or 16.704 g). When the gold-silver ratio rose again, the pistole then traded at 5 thalers plus an
93:(4.83 to 5 thalers, Saxon silver currency), with a maximum discount of 4 groschen (0.17 thaler). In the 19th century it usually had a low premium.
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or premium. The pistole's standard varied slightly; at best 35 to a
Cologne Mark of gold 130/144 fine, or 6.032 g fine gold; at worst 35
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On the obverse of the
Friedrich d'or was the king's head, and on the reverse was an eagle standing on its shield.
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stayed on the Thaler Gold standard of 5 thalers per pistole until German
Reunification in 1871.
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130:, the forerunner of the Friedrich d'or was the Wilhelm d'or. It was first minted in 1741 by
67:
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payable in 5-thaler gold pistoles (rather than silver currency) were noted as payable in
43:. It was subsequently copied by other North German states under their own rulers' names (
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and elsewhere. Around 1780, for example, the Saxon August d'or was quoted at 116 to 120
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What followed was the North German thaler's silver standard lowered after 1750 to 13
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185:to a Mark 129/144 fine, or 5.957 g fine gold.
242:A Catalogue of the World's Most Popular Coins
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45:August-, Friedrich-August-, Christian d'or
62:at this time, and was traded at a small
134:. It was continued by his successors
7:
54:It was used from 1741 to 1855 as a
14:
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102:"XX thalers, preuĂźisch Courant"
96:Prussian purchase contracts or
244:, (Sterling, New York, 1956) (
91:sächsischen silberkurantgeldes
1:
47:) and valued at 4.8-5 silver
39:) nominally worth 5 silver
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111:
122:Modelled on the Spanish
24:
23:Friedrich d'or of 1774
140:Frederick William III
104:or "Friedrich d'or".
22:
144:Frederick William IV
136:Frederick William II
49:North German thalers
149:The Friedrich d'or
114:North German thaler
74:of five thalers in
266:Economy of Prussia
25:
16:Prussian gold coin
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80:silberkurantgeld
56:regularly-issued
41:Prussian thalers
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84:stock exchanges
76:silver standard
31:was a Prussian
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82:) used in the
29:Friedrich d'or
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250:4-87187-800-7
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118:Bremen thaler
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232:Bibliography
218:Money portal
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169:Cologne Mark
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132:Frederick II
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226:Ephraimiten
126:and French
271:Gold coins
260:Categories
196:Appearance
128:Louis d'or
112:See also:
78:currency (
72:face value
60:trade coin
33:gold coin
204:See also
124:doubloon
89:groschen
68:discount
180:⁄
162:⁄
151:pistole
108:History
70:to its
64:premium
37:pistole
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190:Bremen
188:Only
98:bonds
58:gold
246:ISBN
173:agio
167:per
142:and
116:and
27:The
66:or
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35:(
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