Munich Coinage Treaty

The reason for the passing of the Munich Coinage Treaty was the devaluation of the 1⁄2 and 1⁄4 Gulden coins minted to the Kronenthaler standard by the Grand Duchy of Baden.

The following states co-founded the South German Coinage Union: Bavaria, Württemberg, Baden, Hesse-Darmstadt, Nassau and the Free City of Frankfurt.

In a separate agreement alongside the Munich Treaty, standardisation principles for the larger, lower denomination silver coins were agreed.

[3] The Munich Coin Treaty in part inspired the 1838 Dresden Coinage Convention, by which the Zollverein attempted to standardise its currencies.

However, although the Dresden Treaty standardised currency exchange rates, it did not make coins legal tender extraterritorially.