Showing posts with label silver coinage. Show all posts
Showing posts with label silver coinage. Show all posts

Friday, February 3, 2012

1780 SF Maria Theresa Austrian Silver Thaler (Restrike) - Sterling Silver Coins


The Maria Theresa thaler (MTT) is a silver bullion-coin that has been used in world trade continuously since it was first minted in 1751. It was named after Empress Maria Theresa, who ruled Austria, Hungary, and Bohemia from 1740 to 1780.

Since 1780, the coin has always been dated 1780. On September 19, 1857, Emperor Francis Joseph of Austria declared the Maria Theresa Taler to be an official trade coinage. A little over a year later, on October 31, 1858, the Maria Theresa Taler lost its status as currency in Austria.

The following mints have struck MTTs: Birmingham, Bombay, Brussels, London, Paris, Rome and Utrecht, in addition to the Habsburg mints in Günzburg, Hall, Karlsburg, Kremnica, Milan, Prague and Vienna.

Between 1751 and 2000, some 389 million were minted. These different mints distinguished their issues by slight alterations to the saltire, or flower symbol, which looks like an X, at the top left of the reverse side of the coin. In 1946, the Vienna Mint rescinded any rights of foreign governments to issue such copies; subsequently, the Vienna Mint has produced over 49 million MTTs.

Composition:Silver
Weight(g):28.0668g
Weight(Oz):0.90 Oz
Fineness:0.8330
Net Content:0.75 Oz
Diameter:41.00mm

Saturday, January 28, 2012

Uniform Coinage of India - Sterling Silver Coins



Prior to 1835 A.D., the East India Company issued coins in Bengal Presidency, Bombay Presidency and Madras Presidency. These coins were circulated in local area for use in the local trade.

For any particular value, the coins circulated in different areas of India were of different weight, fineness and size. In order to remove this chaotic condition, East India Company decided to introduce a uniform coinage in the territories of the company.

All the details of the new coinage were laid down by Act XVIII of 1835. As per this act the weight of the rupee coin was standardized at 180 grains troy (1 Tola) and its fineness at 11/12 (i.e. 165 grains of pure silver and 15 grains of alloy). The rupee coin would bear the effigy of the then king of United Kingdom.

Standard Silver Rupee:

Specifications

Weight- 180 grains

Metal composition- 165 grains of pure silver and 15 grains of alloy

Diameter – 1.3”

Shape - Circular

Edge – milled

Obv - effigy of the then king or queen of United Kingdom

Rev – Value of the coin - LOTS!

Source Article and Image to read on!