The dollar may be synonymous with the United States but is actually
rooted in Austria.
An example of the famous 1486 guldiner from the Hall Mint in Tyrol
realized a hammer price of €19,000 ($23,772 U.S.) Oct. 6 in Fritz
Rudolf Künker’s auction No. 254. The coin had an estimate of €7,500
($9,384 U.S.). The final price was unavailable; the buyer’s fee
charged per coin ranges from 20 to 23 percent.
The Hall Mint was the birthplace of the original taler, which
evolved into the Maria Theresa taler and later served as the
inspiration for what would eventually become the most famous monetary
unit in the world, the U.S. dollar.
In 1477 the official mint for Tyrol (now in modern Austria) was
moved to be closer to rich silver mines. The silver allowed Archduke
Sigismund von Tirol to reform the monetary system by replacing some
traditional gold coins with silver coins. This resulted in the minting
of the first silver guldiner in 1486, which “replaced” the old gold gulden.
The new coin was immediately popular and was copied all over the
region and spread throughout Europe. The guldiner, called the
joachimsthaler in Bohemia, soon became known simply as the thaler
(German) or the daalder (Dutch), and would evolve into dollar.
The coin was among 9,451 lots sold in seven auctions over six days,
which in total realized a hammer price estimated at €11.4 million
(about $14,263,200 U.S.)
For further details about the sale, visit the firm’s website.
Check out other recent world coins coverage:
1868 Glorious Revolution results in low-mintage 5-peseta coin
of 1960 Israeli patterns highlight Rosenblum Dec. 4 auction
More from CoinWorld.com:
you need to know before collecting 'classic' U.S. coins
of silver 1-ounce American Eagle bullion coins at United States
finds 1969-S DDO Lincoln cent after searching through 12,000 cents
identify counterfeit 1900-O/CC Morgan dollar with links to Micro O fakes
confirms printing error on Great Smoky Mountains National Park
quarters set COA
Keep up with all CoinWorld.com news, insights and blogs by signing
up for our free eNewsletters, liking
us on Facebook, and following us on Twitter. We're also on Instagram!