The saxon money

The invoices in Saxony were paid in “Thaler” and “Groschen”, so our young cashier Huthsteiner got a monthly salary of 25 Thaler. 

 

 

 

 

What did you get for a thaler in the past?

• Around 1770, a day laborer earned around 50 thalers a year.
• A craftsman – a bricklayer or carpenter – received 70 thalers.
• Teachers received between 80 and 200 thalers.
• An infantryman, for example, received five thalers and four groschen per month, of which, however, one thaler and five groschen were kept for equipment.
• Ensigns and lieutenants received 11 and 14 thalers, with retention of three and four, respectively Talers.
• A lieutenant general, on the other hand, could earn 4,000 thalers,
• a field marshal could even earn 10-12,000 thalers per year.

Around 1740, the cost of living was in the penny and dime range:

• A pound of butter cost between three and four groschen,
• a pound of bacon three groschen six pfennigs,
• an egg between three and four pfennigs
• and a liter of French country wine between four and eight groschen.

Clothing was also relatively inexpensive:

• A pair of stockings cost between 12 and 18 groschen,
• An yard of linen made three pennies,
• a hat, two thalers and
• a pair of boots 15 thalers

Note: the name Dollar was derived from Thaler