Austria, County of Tyrol, Archduke of Austria, Sigismund "der M?nzreiche" or "Rich in Coin". (1446-1490 CE), Kreuzer(C)

Click to Enlarge Image
Austria, County of Tyrol, Archduke of Austria, Sigismund "der M?nzreiche" or "Rich in Coin". (1446-1490 CE), Kreuzer(C)

Availability: In stock

  • Order Code: MED-EUR-TYROL
  • Weight/Dimensions:
  • Metal: Silver
  • Obverse: Eagle
  • Reverse: Cross
$16.50
OR
Description

Details

Sigismund earned his nickname of "der M?nzreiche" or "Rich in Coin“ because of his introduction of the guldengroschen, which the Habsburgs in Bohemia developed later into the thaler. This coin was the ancestor of many of the major European coin denominations to come and also ultimately of the US dollar. Using new mining methods and technology he exploited the silver mines of the Tyrol to produce these coins in large quantities, hence the nickname. The production of large sized coinage exploded as silver from the Spanish Habsburg colonies in the Americas flooded the global economy