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<p>[QUOTE="tibor, post: 3592438, member: 73385"]Many of the multiple thalers that are mentioned here were not intended</p><p>to circulate. Their main purpose was for the ruling Duke or Prince to</p><p>have a large amounts of silver at a moments notice. Here's how it worked.</p><p>The Duke or Prince would have property owners to purchase these large</p><p>"coins" according to the property owners land value. The property</p><p>owners were not allowed to spend these pieces. They could be requested</p><p>at a moments notice. The Duke or Prince would exchange them for debased</p><p>small fractional currency and then they would have high quality silver to</p><p>pay the troops in case of war. For the most part the multiple thalers that</p><p>survive today are valued at "5" or less. It is a rare occasion for larger</p><p>pieces to come to auction. The Preussag Collection was auctioned a few</p><p>years ago by Kunker and London Coin Galleries. It had many dozen</p><p>multiple thalers including many 5+ thaler values. A few years ago Donald</p><p>Kagin let me hold and inspect a 10 Thaler piece. It was a fun experience.</p><p>One day I hope to own a "3" or "4" Thaler piece.[/QUOTE]</p><p><br /></p>
[QUOTE="tibor, post: 3592438, member: 73385"]Many of the multiple thalers that are mentioned here were not intended to circulate. Their main purpose was for the ruling Duke or Prince to have a large amounts of silver at a moments notice. Here's how it worked. The Duke or Prince would have property owners to purchase these large "coins" according to the property owners land value. The property owners were not allowed to spend these pieces. They could be requested at a moments notice. The Duke or Prince would exchange them for debased small fractional currency and then they would have high quality silver to pay the troops in case of war. For the most part the multiple thalers that survive today are valued at "5" or less. It is a rare occasion for larger pieces to come to auction. The Preussag Collection was auctioned a few years ago by Kunker and London Coin Galleries. It had many dozen multiple thalers including many 5+ thaler values. A few years ago Donald Kagin let me hold and inspect a 10 Thaler piece. It was a fun experience. One day I hope to own a "3" or "4" Thaler piece.[/QUOTE]
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