The Thaler

Thaler

The Thaler was a silver coin used throughout Europe for almost four hundred years. Its name lives on in various currencies as the dollar or tolar. Etymologically, "Thaler" is an abbreviation of "Joachimsthaler", a coin type from the city of Joachimsthal in Bohemia, where some of the first such...

was the currency of the Electorate

Electorate of Saxony

The Electorate of Saxony , sometimes referred to as Upper Saxony, was a State of the Holy Roman Empire. It was established when Emperor Charles IV raised the Ascanian duchy of Saxe-Wittenberg to the status of an Electorate by the Golden Bull of 1356...

 and Kingdom of Saxony

Kingdom of Saxony

The Kingdom of Saxony , lasting between 1806 and 1918, was an independent member of a number of historical confederacies in Napoleonic through post-Napoleonic Germany. From 1871 it was part of the German Empire. It became a Free state in the era of Weimar Republic in 1918 after the end of World War...

 until 1857. Between 1754 and 1841, it was equal to three quarters of a Conventionsthaler

Conventionsthaler

The Conventionstaler was a standard silver coin of the Holy Roman Empire. It was introduced in 1754 and contained one tenth of a Cologne mark of silver ....

 and was subdivided into 24 Groschen

Groschen

Groschen was the name for a coin used in various German-speaking states as well as some non-German-speaking countries of Central Europe , the Danubian principalities...

, each of 12 Pfennig

Pfennig

The Pfennig , plural Pfennige, is an old German coin or note, which existed from the 9th century until the introduction of the euro in 2002....

. In 1841, Saxony partially decimalized, dividing the Thaler (now equal to the Prussian Thaler

Prussian thaler

The Thaler was the currency of Prussia until 1857. From 1750, it was distinct from north German Reichsthaler unit of account in that it contained 1/14 of a Cologne mark of silver, rather than 1/12, and was minted as a coin...

) into 30 Neugroschen

Neugroschen

The neugroschen is a coin that was introduced in 1841 in Saxony. It was equivalent to the Prussian silbergroschen but was divided into 10 pfennig, not 12 as in Prussia....

, each of 10 Pfennig. The Thaler was replaced by the Vereinsthaler

Saxon vereinsthaler

The Vereinsthaler was the currency of Saxony between 1857 and 1873. It replaced the Thaler at par and was replaced by the Mark at a rate of 1 Vereinsthaler = 3 Mark. The Vereinsthaler was subdivided into 30 Neugroschen, each of 10 Pfennig....

 at par.

The duchies of Saxe-Altenburg

Saxe-Altenburg

Saxe-Altenburg was one of the Saxon duchies held by the Ernestine branch of the Wettin dynasty in present-day Thuringia.-History:The duchy originated from the medieval Burgraviate of Altenburg in the Imperial Pleissnerland , a possession of the Wettin Margraves of Meissen since 1243...

 and Saxe-Coburg-Gotha also issued coinage

Coin

A coin is a piece of hard material that is standardized in weight, is produced in large quantities in order to facilitate trade, and primarily can be used as a legal tender token for commerce in the designated country, region, or territory....

according to the Saxon system, from 1841 and 1837, respectively.