Thaler 1823 Lot n° 7

Thaler 1823 IGS, Friedrich August I, Sachsen-Albertinische. 1806-1827. The thaler is an ancient silver coin that was used in Europe for several centuries. The name "thaler" comes from the Bohemian town of Joachimsthal, where silver mines were exploited in the 16th century. Coins minted from this silver began to be called "thaler", and later "dollar" in some countries. Friedrich of Augustus I, also known as Augustus the Strong, was an Elector of Saxony in the 18th century. He issued coins with his own portrait, including silver thalers. These coins were popular throughout Europe and were used for important commercial exchanges. These coins were often decorated with intricate designs and inscriptions in Latin. They were considered a symbol of wealth and power at the time.