Prague groschen

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Groschen of Venceslas II., obverse
Groschen of Venceslas II., reverse

The Prague groschen (

.

Etymology

The inspiration came from

gros tournois
), and replaced old coins called denar. The name came from the Latin denarius grossus (English: thick denar).

Coin

It is a silver coin with on the obverse the legend DEI GRATIA REX BOEMIE ("By the grace of God the King of Bohemia") and on the reverse GROSSI PRAGENSES ("Prague groschen"). The weight of the coin varies between 3.5 and 3.7 g with a fineness of 933/1000 of silver.

The groschen was subdivided into twelve parvus ("small") coins with a Bohemian heraldic lion sign on the obverse.

History

Silver content of the Prague groschen in grams during the period of their mintage (1300–1526)

Minting of this coin started around 1300 after silver mines had been discovered in

Bohemian king Wenceslaus II. King Wenceslaus II invited the Italian lawyer Gozzius of Orvieto to create a mining code Ius regale montanorum which was also partly a reform of the coinage. This, and the high amount of silver found in Kutná Hora, resulted in the implementation of the Prague groschen. Because of the high amount of silver used in the coin, it became one of the most popular of the early Groschen-type
coins in medieval Europe.

In documents of the era, like e.g. the

.

After the opening of new silver mines in

Bohemian Crown lands. Nevertheless, Prague groschen were still valid and in circulation until 1644 when king Ferdinand III
finally prohibited their further use.

See also

External links