72 kreutzers.
In order to mark the difference it was determined to coin in future only silver gulden = 60 kreutzers, while the gold gulden was put at 75 kreutzers.
The specie authorised by this third Imperial Ordinance therefore were—
1. Gold gulden, 72 to mark, 18 1⁄2-carat fine, to equal 75 kreutzers. 2. Silver Reichs gulden, 9 1⁄2 to the mark, 14 loth 16 grs. fine, to equal 60 kreutzers. 3. Thaler, or 72 kreutzers silver gulden, to be discontinued. 4. Kreutzer, to equal 1⁄80 gulden, 243 1⁄2 to the mark, 6 loth 4 grs. fine (= 626 1⁄7 to the mark fine). 5. Reichs groschen, to equal 1⁄24 gulden, 8 loth fine, 108 1⁄2 to the mark; and a few other species.
The lower denominations (pfennige and heller) were minted on the basis of the mark = 11 florins 5 kreutzers.
Almost immediately, protestations were raised against this ordinance, especially by the Lower Westphalian Circle, and it remained quite inoperative. The succeeding Reichstag at Augsburg again authorised the issue of the thaler (8 to the mark, 14 loth 4 grs. fine, so that the fine mark = 10 florins 12 kreutzers).
As late as the Reichstag of Regensburg (1594) desultory attempts were made to establish a uniform system, but all practical idea of it had long ceased, and Page 368 the regulation of