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Encyclopedia > Danish rigsdaler

The Rigsdaler was the unit of currency used in Denmark until 1873 and in Norway until 1816. The similarly named Reichsthaler, riksdaler and rijksdaalder were used in Germany and Austria-Hungary, Sweden and the Netherlands, respectively. The Reichsthaler began as a subsidiary denomination to the Conventionsthaler, introduced in the Holy Roman Empire in 1754. ... The Riksdaler was the name of the currency used in Sweden until 1873 when it was replaced with the krona as an effect of the Scandinavian Monetary Union. ... The rijksdaalder was an 18th century Dutch coin worth 2½ gulden or 50 stuiver. ... Austria-Hungary, also known as the Dual monarchy (or: the k. ...


Denmark

The Danish currency system established in 1625 consisted of 16 skilling = 1 mark and 6 mark = 1 rigsdaler. From 1713, two separate systems, courant and specie coexisted, courant being a debased currency also used for banknote issue. The skilling was the Scandinavian equivalent of the schilling or shilling. ... The word mark (from an apparently non-Teutonic word found in all Teutonic and Romance languages, and Latinized as marca or marcus) originally expressed a measure of weight only for gold and silver, commonly used throughout western Europe and equivalent to 8 oz (ounces). ...


In 1813, following a financial crisis, a new currency system was introduced, based on the Rigsbankdaler. This was divided into 96 rigsbank skilling and was equal to half a rigsdaler specie or 6 rigsdaler courant. Rigsdaler specie coins continued to be issued. A further change was made in 1854. The rigsdaler specie coins name disappeared and the names rigsbankdaler and rigsbank skilling became rigsdaler and skilling rigsmønt.


In 1873, Denmark joined the Scandinavian Monetary Union and the rigsdaler was replaced by the krone at a rate of 2 krone = 1 rigsdaler. The Scandinavian Monetary Union (Swedish: Skandinaviska myntunionen, Danish: Skandinaviske møntunion) was a monetary union formed by Sweden and Denmark on May 5, 1873 by fixing their currencies against gold at par to each other. ... Krone can mean: Krone - the former currency of the Austro-Hungarian Empire from 1892. ...


Norway

During political union between Denmark and Norway, Danish currency circulated alongside Norwegian. Norway itself issued currency denominated in two different rigsdaler, the rigsdaler courant and the rigsdaler specie, with 96 skilling to the rigsdaler courant and 120 skilling to the rigsdaler specie. In 1816, following the takeover of Norway by Sweden, the rigsdaler specie was renamed the speciedaler and became the standard unit of currency in Norway. The speciedaler was a Norwegian coin, initially equivalent to the Danish rigsdaler specie coin of the 18th century. ...


 
 

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