Coins
In the 1770s, before the introduction of the new currency, coins were being issued in denominations of 1 öre K.M., 1, 2, 4, 8 and 16 öre S.M., 1 and 2 daler S.M. and 1 riksdaler.
After the reform of 1777, silver coins were issued in denominations of 1⁄24, 1⁄12, 1⁄6, ⅓, ⅔ and 1 riksdaler. The Riksgäldscontoret issued ¼ and ½ skilling tokens (pollet) between 1799 and 1802, followed by issues of the Riksens Ständers Wexel-Banco in denominations of 1⁄12, ¼, ½ and 1 skilling from 1802.
In 1830, following the fixing of the relationship between the copper and silver coinages and the various paper money issues, copper 1⁄6 skilling were introduced, together with a new silver coinage in denominations of 1⁄12, ⅛, ¼ and ½ riksdaler. The new silver coins were all struck in .750 fineness and were weight related. Production of 1⁄12 skilling, 1⁄24, 1⁄6 and ⅓ riksdaler ceased.
In 1835, a new copper coinage was introduced, consisting of 1⁄6, ⅓, ⅔, 1 and 2 skilling banco, along with silver 1⁄16 riksdaler pieces. Production of the 1⁄12 riksdaler ceased. Copper 4 skilling coins were introduced in 1849, followed by silver 1⁄32 riksdaler in 1851. These last two coins, which were equal in value, were only minted until 1855 and 1853, respectively.
The reforms of 1855 introduced a new coinage consisting of bronze ½, 1, 2 and 5 öre, silver 10, 25 and 50 öre, 1 and 2 riksdaler riksmynt and 1 riksdaler specie. The silver coins retained the .750 fineness of the preceding issues, causing the 10 öre coin to weigh just 0.85 grams.
Read more about this topic: Swedish Riksdaler
Famous quotes containing the word coins:
“No Time, spoke the clocks, no God, rang the bells,
I drew the white sheet over the islands
And the coins on my eyelids sang like shells.”
—Dylan Thomas (1914–1953)
“A war undertaken without sufficient monies has but a wisp of force. Coins are the very sinews of battles.”
—François Rabelais (1494–1553)