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1780 Maria Theresa Thaler Proof Like  (Re-strike)

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1780 Maria Theresa Thaler (Re-strike)
Total Weight 28.0 grams
Fineness:
Silver Content 833.3 / 1000
Copper Content 166.6 / 1000
Actual Silver Content:
Fine Weight (Actual Silver Content) 23.389 grams
Fine Weight (Actual Silver Content) 0.752 troy ounces
Diameter 39.5 mm
Condition: Proof Like

According to Wikipedia:

"The Maria Theresa thaler (MTT) is a silver bullion-coin that has been used in world trade continuously. Maria Theresa Thalers were first minted in 1741, using the then Reichsthaler standard of 9 thalers to the Vienna mark. In 1750 the thaler was debased to 10 thalers to the Vienna Mark (a weight approximating a pound of fine silver). The following year the new standard was effectively adopted across the German speaking world when that standard was accepted formally in the Bavarian monetary convention. It is due to the date of the Bavarian Monetary convention that many writers erroneously state that the Maria Theresa Thaler was first struck 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 G├╝nzburg, Hall, Karlsburg, Kremnica, Milan, Prague and Vienna. Between 1751 and 2000, some 389 million were minted. These different mints distinguished their issues by slight differences. In 1935 Mussolini gained a 25 year concession over production of the MTT. The Italians blocked non-Italian Banks and bullion traders from obtaining the coin and so France, Belgium, and the UK started producing the coin so as to support their economic interests in the Red sea, Persian Gulf and East Coast of Africa. In 1961 the 25 year concession ended and Austria made diplomatic approaches to the relevant governments requesting they cease production of the coin. The UK was the last government to formally agree to the request in February 1962.

The MTT came to be used as currency in large parts of Africa until after World War II. It was common from North Africa to Somalia, Ethiopia, Kenya, and down the coast of Tanzania to Mozambique. Its popularity in the Red Sea region was such that merchants would not accept any other type of currency. The Italian government produced a similar designed coin in the hope of replacing the Maria Theresa thaler, but it was rejected.

The MTT could also be found throughout the Arab world, especially in Saudi Arabia, Yemen and Muscat and Oman, and in India. During the Japanese occupation of Indonesia in World War II, enough people preferred it to the money issued by the occupying forces that the American Office of Strategic Services created counterfeit MTTs for use by resistance forces."

The Maria Theresa Thaler is sometimes said to be the world most beautiful coin. There are two re-strike varieties minted: uncirculated and proof. The beautiful coin makes for a stately Pendant/Medallion mounted on suitable Bezel and Chain. Great quality gift for coin collector.

1780 Maria Theresa Thaler Proof Like (Re-strike)

Overview

  • Vintage item
  • Materials: 833 Silver, 166 Copper
  • Feedback: 259 reviews
  • Ships worldwide from Ohio, United States
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