only 2 florins 38 10⁄19 kreutzers. This implied a standard of 246⁄11 guldens to the mark of fine silver, and gradually, about the beginning of the present century, Bavaria, Würtemberg, and Nassau minted convention thalers on the same footing. Baden, Hesse, and Saxe-Coburg followed suit in their minting of kronen thalers until, by the Mint Convention of the South German states in 1837, the new standard (the 24 1⁄2-gulden standard) was formally recognised as the South German standard. In this convention Austria had no part.
The standard here detailed, the 24 1⁄2-gulden or South German standard, was assimilated to the Prussian system in the Dresden Convention, 1838 (see text, p. 205), and in that connection remained intact until the developments of modern times detailed in the text, p. 215.
Prussia.
The Prussian monetary system, as a separate identity, took its rise in