Articles Archive for January 2010

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The Maria Theresa Thaler

The Maria Theresa Thaler is probably one of the most famous and well known coins of the world circulated for over two centuries and are still minted today, largely for collectors. Many historians consider it to be the first example of a truly international currency, like the US dollar or the Euro.

The origin of the term thaler goes back to the 16th century and the opening of silver deposits at St. Joachimsthal in Bohemia. Here the Counts of Schlick were given the right by the Habsburg court to mint …

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Mexican “Cap and Rays” Silver Peso

The “peso” is the name of the 8-real coins issued in Mexico by Spain. Peso was in wide circulation in the Americas and Asia from the height of the Spanish Empire until the early 19th century. After Mexico gained its independence in 1821, the paper money issued and denominated in pesos. In 1863, Mexico`s centavos, worth one hundredth of the peso. Thus centavos were changed by coins denominated “one peso” in 1866. In 1905, the gold content of the peso was reduced by 49.3% but the silver content of the …