Neugroschen
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The Neugroschen ("new groschen", abbreviation Ngr.) was a Saxon Scheidemünze coin minted from 1841 to 1873 which had the inscription Neugroschen. This groschen, made of billon, was equivalent to the Prussian groschen but, unlike the latter, was divided not into 12, but into 10 pfennigs.[1]
1863 Neugroschen, divided into 10 Pfennigs, 30 to a Thaler (diameter 18 mm, Dresden Mint)
History
In 1838, the Kingdom of Saxony joined the Dresden Coinage Convention and minted 233.855 g of silver from the fine mark to the Prussian Graumann mint standard as follows: the 14 Thaler standard:[2]
- 7 Double Thaler = 14 Thaler
- 1 Thaler = 30 neugroschen = 300 pfennigs
- 1 Neugroschen = 10 Pfennig
From 1857 to 1873 they were minted to the 30 Thaler standard. The basic coin weight was the Zollpfund ("customs pound") at 500 g:[3]
- 1 pound of fine silver = 30 Vereinsthaler
- 1 Vereinsthaler = 30 neugroschen = 300 pfennigs
Neugroschen and pfennigs were fractional coins.
