History

History of the Taler
In 1518, the counts Schlick in Joachimstal in Bohemia, in what is now the Czech Republic, began minting a silver coin called the JoachimsTaler (1518--1892). The new coin became the standard of commerce in Europe as silver flooded into the European economy and Taler sized coins were minted all over Europe. In Holland and Lower German, the initial consonant softened to become daler, from which the Dutch ‘daalder’ and ‘rijksdaalder’ (picture below shows ‘rijksdaalder’ from 1651) originate. The English adopted the daler and changed its spelling to dollar, predecessor of the United Sates dollar. Under Charles V, emperor of Germany, king of Spain and ruler of Spanish America the ReichsTaler became the official currency of the Empire from 1566 until 1750. In 1753 the empress of Austria Maria Theresia Taler signed a coinage convention with the Duchy of Bavaria. The treaty defined weight and silver content of every silver coin struck in Austria and Bavaria an early indication of the value of currency. Initially the Maria Theresia Taler was the currency of the Austrian empire and important for trade with the Levant (parts of Turkey, Lebanon and Syria), and became the most popular coin in the Arabian world. In 1857 it became the official trade coinage in places like Rome, London, Paris, Brussels, Bombay and other locations. It became the currency in large parts of Africa until after the second world war.

The name Talergroup emphasizes our goal to be recognized as a standard in global wealth management.