Logo Title
obverse
reverse
Teutoburger Münzauktion

5 Thalers – Swedish dominion of Pomerania

Sweden
Context
Year: 1759
Country: Sweden Country flag
Currency:
(1630—1815)
Demonetized: Yes
Material
Weight: 6.65 g
Gold weight: 5.99 g
Shape: Round
Composition: 90% Gold
Magnetic: No
References
KM: #Click to copy to clipboard401
Numista: #136764
Value
Bullion value: $997.90

Obverse

Description:
Right-facing bust.
Script: Latin

Reverse

Description:
Crowned griffin with sword left, value beneath.
Script: Latin

Edge

Mints

NameMark
Stralsund

Mintings

YearMint MarkMintageQualityCollection
1759

Historical background

In 1759, Swedish Pomerania was a small, war-ravaged dominion caught in the maelstrom of the Seven Years' War. Since 1757, the region had been under effective Prussian occupation and administration, severing it from direct control from Stockholm. This occupation was financially exploitative, with the Prussians imposing heavy contributions and taxes, draining the local economy to fund Frederick the Great's war effort. Consequently, the monetary system in Pomerania was not autonomous but was heavily influenced and manipulated by the occupying Prussian authorities to serve their military needs.

The currency situation was complex and unstable, characterized by the forced circulation of debased Prussian coinage. To extract maximum value, the Prussians introduced overvalued Kurantgeld (specie-backed money) and particularly Kriegsgeld (war money), which was essentially a form of fiat currency with no intrinsic value and no guarantee of redemption. The Prussian authorities mandated the acceptance of these coins at inflated rates, effectively imposing a hidden tax through currency depreciation. This practice drove older, full-value Swedish and other specie coins out of circulation (Gresham's Law) and caused significant inflation, harming local trade and the populace.

Despite the occupation, some residual structures of Swedish monetary authority nominally existed, but they held no practical power. The Swedish Riksbank had no ability to regulate the currency in its occupied province. The primary economic reality for Pomeranians in 1759 was one of a dual burden: physical devastation from the war's passage and financial strain from a coercive and degraded monetary system imposed by Prussia. This situation would persist until the war's end and the return of Swedish administration, which then faced the arduous task of untangling the monetary chaos left behind.
Legendary