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. 

a 2/3 saxon Thaler of 1740 (equivalent to 1 bavarian Gulden)
one saxon Reichsthaler of 1741
















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

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