decimal monetary system
New time in numismatics begins in Europe around 1500 in the lands of the Habsburgs. In 1486, by order of the Archduke Sigismund (1439-1490), the Tyrolean guldengros was minted. It was the world’s first full-weighted silver coin, corresponding in value to the Rhine gold guilder. This coin became a model of European coins in the next 400 years.
The name of this successful coin comes from the name of the location of the silver mines of Joachimstal, which were owned by the von Schlick counts. Hence the name “thaler”. Continue reading