German Coins Kingdom of Saxony Silver Coin "Mining" Thaler 1867, John of Saxony

Saxony Silver Coin Mining Thaler
Germany Saxony coin Mining Thaler
German Coins Kingdom of Saxony Silver Coin "Mining" Thaler 1867, John I King of Saxony.

Obverse: Head of John of Saxony left. Mint master´s initial (B) below.
Translated: "John by the grace of God, king of Saxony"

Reverse: Crowned coat-of-arms of Saxony, supported by mine workers. Inscription ("Blessing of the Silver Mining.") above.

Mintage: 175,000 pcs.
Reference: KM-1212.
Mint Place: Dresden Mint.
Denomination: Mining Thaler
Mint Master: Gustav Julius Buschick (B)
Weight: 18.38 gram of Silver (.900)
Diameter: 33 mm

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Saxon thaler
The Thaler was the currency of the Electorate and Kingdom of Saxony until 1857. Between 1754 and 1841, it was equal to three quarters of a Conventionsthaler and was subdivided into 24 Groschen, each of 12 Pfennig. In 1841, Saxony partially decimalized, dividing the Thaler (now equal to the Prussian Thaler) into 30 Neugroschen, each of 10 Pfennig. The Thaler was replaced by the Vereinsthaler at par.

The duchies of Saxe-Altenburg and Saxe-Coburg-Gotha also issued coinage according to the Saxon system, from 1841 and 1837, respectively.

Saxon vereinsthaler
The Vereinsthaler was the currency of Saxony between 1857 and 1873. It replaced the Thaler at par and was replaced by the Mark at a rate of 1 Vereinsthaler = 3 Mark. The Vereinsthaler was subdivided into 30 Neugroschen, each of 10 Pfennig.

John of Saxony
John (full name: Johann Nepomuk Maria Joseph Anton Xaver Vincenz Aloys Franz de Paula Stanislaus Bernhard Paul Felix Damasus) (German: Johann; 12 December 1801 – 29 October 1873) was a King of Saxony and a member of the House of Wettin.
He was born in Dresden, the third son of Maximilian, Prince of Saxony - younger son of the Elector Frederick Christian of Saxony—by his first wife, Caroline of Bourbon, Princess of Parma.