Silver coin Rijderschelling

Silver coin obverse Silver coin reverse

A silver coin hammered in the province Overijsel Netherlands.
Material: silver.
Date: 1689
Obverse: Rider at horse
Reverse: Wapon with crown and lion.

In the seventeenth century, not only each country had it's own money, as there were provinces, cities and organizations such as the VOC who made their own money. All these coins circulated freely around Europe, sometimes until well after the date of issuance. The value of the money was in fact determined by the amount of bullion coins that contain. That meant that the exchange rates were fixed: they were dependent on the value of the metal, and possibly also the extent to which a particular currency was worn. In general people were good, new coins and paid as much as possible with old, worn and inferior money. The content of precious metal that a coin contained was strongly dependent on the politics of currency management. Lack of money to the crown could lead to the conclusion coins with lower gold or silver content, so in fact the value of money decrease. The value of the money could therefore be volatile. In the republic of the Netherlands one tried as much as possible to keep the coins stable. The France of Louis XIV it was a monetary chaos. For amid all the different coins and ratings to find the way, we also had certain values as a unit of account.

The real value of the coins was expressed in these units. Ideally, the value of the account to that of the main currency in line, but as I said that was not always the case. In the Netherlands, the Dutch account the pound. A Dutch pound was divided into twenty pennies. Every penny was divided in sixteen pennies. The pound was equivalent to the Dutch guilder, a silver coin worth twenty pennies in the sixteenth century by Charles V was introduced. Even after the beating of dollars had been discontinued, the name used for a unit of twenty pennies. Only at the end of the seventeenth century was one in the United States silver coins once again save the golden name and a value of twenty pennies. Moreover, there was in the Dutch Republic no central coinage. The currency issue was a matter for the provincial and city governments in some cases. There were at central level, however, agreements on this matter.

In France, the account Tournoois pound (livre Tournois). A pound Tournoois was divided in twenty sous. Three pounds Tournoois makes a ECU (shield). The actual value of French coins was as said in relation to volatile. The account, however, continued throughout the seventeenth century maintained. A unit used occasionally in the Netherlands was used was the pound Flemish, also known as pound greats. A pound Flemish contained 120 pennies and was therefore six pounds Dutch. Between the pound and the pound Tournoois Hollands was no fixed exchange rate. This was simply dependent on the difference in valuation of the Dutch and French money, caused by the international prices and other economic factors. Average French pound was slightly less than the Dutch. Around 1670, the international money market an ECU (three livres Tournois) about two and a half pounds worth in the Netherlands. The conversion of the old currency units to modern prices is a relatively pointless exercise. What people now or not with his money can do is not compare with the past and the relationship of prices of all goods and services is sometimes highly modified. Furthermore, the purchasing power of the old money very difficult to determine. The prices, especially of essential goods could vary. The price of 25 liters of grain on the market in Paris during the seventeenth century, most between five and seven sous tournoois. Sometimes the price fell below the three sous in bad years, however, he could rise to well over fifteen. Please note: we are talking always about averages over a whole year. In reality prices fluctuated much more. In places outside Paris, the prices also vary greatly.