1051

SWEDEN: Frederick I, 1720-1751, AE 4 daler silvermynt (3136g), Avesta, 1743, XF

Currency:USD Category:Coins & Paper Money / World Coins - Europe Start Price:2,000.00 USD Estimated At:2,000.00 - 2,500.00 USD
SWEDEN: Frederick I, 1720-1751, AE 4 daler silvermynt (3136g), Avesta, 1743, XF
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SWEDEN: Frederick I, 1720-1751, AE 4 daler silvermynt (3136g), Avesta, 1743, KM-PM74, AAH-206, BT-A24, plåtmynt (plate money) with center stamp 4 DALER SILF: MYNT above crossed arrows, and four corner stamps with crowned FRS above date, a beautiful example with complete stamps, XF From 1624, dalers were issued in copper as well as silver. Because of the low value of copper, large plate money (plåtmynt) was issued. These were rectangular pieces of copper weighing, in some cases, up to several kilograms. They circulated until 1776. As silver became scarce, the silver daler rose in value relative to the copper daler, with the exchange rate between the two eventually being set at a ratio of 3 to 1. Denominations in copper money were marked K.M. or KMT, with S.M. or SMT denoting silver money. The cumbersome size and weight of plate money eventually prompted Sweden to become the first country in Europe to issue banknotes.