In 1790, the currency situation in the Duchy of Brunswick-Lüneburg, specifically the Principality of Calenberg (with its capital in Hanover), was complex and fragmented, reflecting the broader political structure of the Holy Roman Empire. The territory was part of the personal union with Great Britain under King George III, but its monetary system remained distinctly German and regional. The primary accounting unit was the
Reichsthaler (Imperial Thaler), divided into 24
Gutegroschen or 288
Pfennige, but this existed alongside a plethora of actual circulating coins from various mints within the Brunswick-Lüneburg dynastic lands and neighboring states.
Circulation was dominated by a mix of silver coins, notably the
Mariengroschen and
Gutegroschen, alongside smaller
Pfennig coins. However, the system suffered from chronic instability due to the practice of
Kipper- und Wipperzeit debasement legacies and the continuous issuance of lower-quality subsidiary coins by multiple authorities to fund local expenditures. This led to a discrepancy between the official
Kurantgeld (full-value specie) and the depreciated
Scheidemünzen (small change), causing confusion and hindering trade.
Furthermore, Hanover's economy was influenced by its British connection, with some influx of English gold guineas and trade coins, but this did not create a unified system. The lack of a central, authoritative currency policy meant merchants and citizens had to navigate fluctuating exchange rates between numerous coin types, a situation that would persist until the Napoleonic reforms and later the creation of a unified German monetary system in the 19th century.