1/24 taler, Livland:Riga, Kristina, 1648

In the Baltic States, there used to be an area by the name of Livonia, which corresponds to the present-day countries of Estonia and Latvia. After the end of the Second Polish War in 1629, Poland had to cede northern Livonia and the city of Riga to Sweden. In Riga, Sweden then minted coins both at its own mint and at the city’s mint.

Large numbers of debased coins, i.e. coins in which the silver was mixed with copper, were struck between 1644 and 1665. These helped to increase inflation, and the value of money decreased. The denominations minted were ¼ taler, (dreipölcher) and solidus (shilling). Livonia was ceded to Russia in the Peace of Uusikaupunki (Nystad) in 1721.

Image rights: Helena Bonnevier, Ekonomiska museet - Kungliga myntkabinettet/SHM (CC BY 4.0)

Object number: 111382_KMK

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