silver = 15 95⁄127 gulden giro (100 gulden giro = 127 gulden of the convention standard). This system was displaced by the introduction of the 24 1⁄2-gulden
- The Lübeck courant (or Hamburg courant, as described above), the mark of fine silver = 11 1⁄3 thaler, or 34 marks.
- Hamburg banco, the system of reckoning of the Hamburg Bank. From 1790 the bank reckoned the mark of fine silver = 9 5⁄24 thaler-banco, or 27 5⁄8 mark-banco. The issue rate was, however, 9 1⁄4 thaler, or 27 3⁄4 mark-banco, the slight premium simply covering the expenses of the bank. In 1846 this difference was abolished, the mark of fine silver both for receipt and disbursement being reckoned at 27 3⁄4 marks (27 marks 12 schillings). The Hamburg banco was, therefore, appreciated above the Hamburg courant by a matter of 22.5225 per cent.
13.