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At that time Germany consisted of over 300 separate states, and at least 50 states issued their own coinage. On the larger coins all currencies had to state their value in relation to the Cologne Mark. This was a carefully preserved lump of silver weighing 533.2 grammes. (The German states had the option of using the Leipzig Mark as an alternative standard, but this was rare by 1700). In practice there were three main currencies: # The Taler (spelled Thaler in those days). It was used in most of North Germany, including Brandenburg-Prussia and Saxony. Until 1821 it consisted of 24 Groschen of 12 Pfennings each. (So 288 Pfennigs were 1 Taler). From 1764 on all Prussian Talers were inscribed 'XIV eine Mark fein' - that is, 14 to the [Cologne Mark]. # The Gulden (which was significantly less that 1 Taler). It was used in Austria and the South German states. It consisted of 60 Kreuzer of 4 Heller each. (So 240 Heller were 1 Gulden). # The Schilling (of 12 Pfennigs), which was used in Hamburg, Lübeck, the two Mecklenburg states, Schleswig, Holstein, Oldenburg and a few others. Some states had more than one coinage at any given time, as some provinces had their own coinage. The value of the various currencies against the Cologne Mark varied as some states devalued their currencies and so on ... Note that the whole subject, along with pre-metric weights and measures in the German states, is complicated.

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Q: What was the name of German money in 1700s?
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