Logo Title
obverse
reverse
Heritage Auctions
Context
Years: 1760–1807
Country: Germany Country flag
Ruler: George III
Currency:
Demonetized: Yes
Material
Diameter: 21 mm
Weight: 3 g
Silver weight: 3.00 g
Thickness: 1.08 mm
Shape: Round
Composition: Silver
Magnetic: No
Technique: Milled
Alignment: Medal alignment
Obverse
OBVERSE ↑
flip
Reverse
REVERSE ↑
References
KM: #Click to copy to clipboard336
Numista: #39884
Value
Bullion value: $8.56

Obverse

Description:
Left: prancing horse, date below.
Inscription:
1768
Script: Latin

Reverse

Description:
Center name and mark, encircled by legend.
Inscription:
12

EINEN

THAL:

*C*

* NACH DEM REICHS FUS.
Script: Latin

Edge

Plain

Mints

NameMark
Clausthal
Hanover

Mintings

YearMint MarkMintageQualityCollection
1760
1761
1762
1763
1763.C.
1764
1764.C.
1765.C.
1767.C.
1768
1768.C.
1769
1770
1771
1772
1773
1774
1775
1776
1777
1778
1779
1780
1781
1782
1783
1784
1785
1786
1787
1788
1789
1790.C.
1791.C.
1792.C.
1792PLM
1793PLM
1794PLM
1795PLM
1796PLM
1797PLM
1798PLM
1799PLM
1800PLM
1801EC
1801PLM
1801
1801.C.
1802
1802.C.
1803
1804
1805
1806
1807

Historical background

In 1760, the currency situation in the Duchy of Brunswick-Lüneburg, specifically the Principality of Calenberg (with its capital in Hanover), was characterized by significant complexity and instability. The region was deeply entangled in the Seven Years' War (1756-1763), and the financial demands of the conflict placed immense strain on its monetary system. The Hanoverian government, under the de facto rule of the British crown via the personal union with King George II (and from October 1760, George III), was forced to issue vast quantities of low-value Scheidemünzen (small change coins) to finance military expenditures and cover state debts, leading to severe inflation and a loss of public confidence in the coinage.

The monetary landscape was a chaotic patchwork. Alongside the official Reichsthaler and its subdivisions, a plethora of depreciated coins circulated, including French, Austrian, and various German state issues brought by armies moving through the strategically vital Electorate. Furthermore, the government had resorted to issuing Kreditmittel like Solascripts (pay certificates to soldiers and suppliers), which often traded below face value. This created a multi-tiered system where the intrinsic value of silver coins (like the Konventionsthaler) was hoarded, while the over-issued billon and copper coins flooded everyday transactions, causing prices to soar and crippling the local economy.

Efforts to manage the crisis, including periodic minting ordinances and mandates to fix exchange rates, proved largely futile in the wartime context. The fundamental problem was a lack of precious metal to back the currency, exacerbated by French occupation earlier in the war and ongoing subsidies paid to allied forces. Consequently, by 1760, the currency of Calenberg-Hannover was in a state of profound debasement and disorder, a direct reflection of the wider political and military turmoil of the Seven Years' War, with stabilization only becoming possible after the peace of 1763.

Series: 1760 Brunswick-Lüneburg-Calenberg-Hannover circulation coins

1 Thaler obverse
1 Thaler reverse
1 Thaler
1760
1⁄24 Thaler obverse
1⁄24 Thaler reverse
1⁄24 Thaler
1760-1769
1⁄12 Thaler obverse
1⁄12 Thaler reverse
1⁄12 Thaler
1760-1807
Somewhat Rare