Three Circles of fixing the thaler at 90 kreutzers was carried through the Reichstag of 1680.
From this system, however, the Emperor, with Bavaria and Salzburg, stood apart, putting the Reichs thaler at 96 kreutzers; and ten years later, 1690, Saxony, Brandenburg, and Brunswick and Lüneburg established again a distinct system—the well-known Leipzig standard.
By this system the Reichs thaler was set at 120 kreutzers or 2 florins (mark of fine silver = 12 thalers 18 gulden).
In a few years this valuation of the thaler prevailed all over the Empire. Sweden acceded to it in 1690, with Bremen and Pomerania, Mainz, Treves, the Palatinate, and Frankfort, and three years later the Higher Circles followed suite. Contemporaneously the gold gulden was advanced to 2 florins 56 kreutzers.
Although the Emperor subsequently joined in the recognition of the Leipzig standard, it did not remain