at 2 florins but at 2 florins 24 kr., and so on (the mark of silver being consequently worth 24 guldens, instead of, as in the Austrian or Convention system, 20 guldens).
This was the origin of the 24-gulden standard, which gradually spread over the whole of South Germany, with the exception of Austria. The three Upper Circles acceded in 1761, Salzburg in 1765, and in the following year the Page 378 Rhenish powers, Mainz, Treves, the Palatinate, Hesse-Darmstadt, and Frankfort.
From this 24-gulden standard sprang towards the close of the eighteenth century a later development, due to the circulation of the kronen thaler or Brabant thaler, which, from 1755 onwards, Austria minted for her Netherland possessions. The Rhenish provinces drove this piece above its Mint rate, setting it at 2 florins 42 kreutzers, although in the 24-gulden standard its value was