The ''Neugroschen'' ("new ''groschen''", abbreviation ''Ngr.'') was a

Saxon The Saxons, sometimes called the Old Saxons or Continental Saxons, were a Germanic people of early medieval "Old" Saxony () which became a Carolingian " stem duchy" in 804, in what is now northern Germany. Many of their neighbours were, like th ...

Scheidemünze ''Scheidemünzen'' (singular – ''Scheidemünze'') were representative money, representative coins or token coins issued alongside ''currency money, Kurantgeld'' or currency money in Austria and Germany up to start of the First World War in Aug ...

'' coin minted from 1841 to 1873 which had the inscription ''Neugroschen''. This ''

groschen Groschen (; from "thick", via Old Czech ') is the (sometimes colloquial) name for various coins, especially a silver coin used in parts of Europe including Kingdom of France, France, some of the Italian states, and various states of the Holy R ...

'', made of billon, was equivalent to the Prussian ''groschen'' but, unlike the latter, was divided not into 12, but into 10 ''

pfennig The pfennig (; . 'pfennigs' or 'pfennige' ; currency symbol, symbol pf or ₰) or penny is a former Germany, German coin or note, which was an official currency from the 9th century until the introduction of the euro in 2002. While a valua ...

s''.

History

In 1838, the

Kingdom of Saxony The Kingdom of Saxony () was a German monarchy in Central Europe between 1806 and 1918, the successor of the Electorate of Saxony. It joined the Confederation of the Rhine after the dissolution of the Holy Roman Empire, later joining the German ...

joined the Dresden Coinage Convention and minted 233.855 g of silver from the

fine mark The Mark (from Middle High German: Marc, march, brand) is originally a Middle Ages, medieval weight or mass unit, which supplanted the Troy pound , pound weight as a Noble metal, precious metals and coinage weight in parts of Europe in the 11th cent ...

to the Prussian Graumann mint standard as follows: the ''14 Thaler'' standard: * 7 Double ''Thaler'' = 14

Thaler A thaler or taler ( ; , previously spelled ) is one of the large silver coins minted in the states and territories of the Holy Roman Empire and the Habsburg monarchy during the Early Modern period. A ''thaler'' size silver coin has a diameter o ...

** 1 ''Thaler'' = 30 ''neugroschen'' = 300 ''pfennigs'' ** 1 ''Neugroschen'' = 10 ''Pfennig'' From 1857 to 1873 they were minted to the ''30 Thaler'' standard. The basic coin weight was the ''

Zollpfund The ''Zollpfund'' ("customs pound") is an historical German weight based on the old pound. In 1854, the German Customs Union, the ''Zollverein'', fixed the pound weight at exactly 500 grammes, making it about seven percent heavier than the old un ...

'' ("customs pound") at 500 g:Arnold (1997), p. 256 * 1 pound of fine silver = 30 ''

Vereinsthaler The Vereinsthaler (, ''union thaler'') was a standard silver coin used in most German states and the Austrian Empire in the years before German unification. The Vereinsthaler was introduced in 1857 to replace the various versions of the North G ...

'' ** 1 ''Vereinsthaler'' = 30 ''neugroschen'' = 300 ''pfennigs'' ''Neugroschen'' and ''pfennigs'' were fractional coins.

References

Literature

* Paul Arnold, Harald Küthmann, Dirk Steinhilber: ''Großer deutscher Münzkatalog von 1800 bis heute'', Augsburg 1997. * Max Barduleck: '' Die letzten Jahre der Münze in Dresden''. Werksverzeichnis 1865 bis 1911, published by Paul Arnold, Berlin 1981. * Heinz Fengler, Gerd Gierow, Willy Unger: ''transpress Lexikon Numismatik'', Berlin 1976. * Walther Haupt: ''Sächsische Münzkunde'', Deutscher Verlag der Wissenschaft, Berlin 1974. * Helmut Kahnt: ''Das große Münzlexikon von A bis Z'', Regenstauf 2005. * Friedrich von Schrötter (ed.) mit N. Bauer, K. Regling, A. Suhle, R. Vasmer, J. Wilcke: ''Wörterbuch der Münzkunde'', de Gruyter, Berlin 1970 (reprint of the original 1930 edn.).

History

References

Literature

See also