Coin Community Family of Web Sites
Like us on Facebook! Subscribe to our Youtube Channel! Check out our Twitter! Check out our Pinterest!
Username:
Password:
Save Password
Forgot your Password?

Welcome Guest! Need help? Got a question? Inherit some coins?
Our coin forum is completely free! Register Now!

Eritrea Tallero

 
 
To participate in the forum you must log in or register.
Author Previous Topic Topic Next Topic  
Pillar of the Community
United States
1416 Posts
 Posted 05/30/2008  10:49 pm Show Profile   Bookmark this topic Add Zohar444 to your friends list Get a Link to this Message
Does anyone know the historical background of this fabulous low mintage crown from 1918?
Thank,
Zohar
Moderator
Learn More...
Australia
12934 Posts
 Posted 05/31/2008  12:33 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
One of my favourite coins, as I said on page 2 of this old thread.




A quick summary of the story:

Eritrea became an Italian colony in 1890, but the coin preferred in trade by the locals was the Maria Theresa thaler, reproductions of which circulated throughout Arabia and East Africa. All attempts by their new colonial masters to get the Eritreans to use good Italian money instead of imported reproduction Austrian coins were ineffective. In 1896, the Italians tried to introduce a colonial currency, in hopes of weaning the locals off the thaler. It didn't work.

So in 1918 they tried again, this time with a coin which looked "almost the same" as a thaler: the tallero. Instead of the Italian king, a stern female figure with a strong resemblance to Maria Theresa graced the obverse, while a very non-Italian looking eagle bore the Italian coat of arms on the reverse. The Italians even "sweetened" the new coins by making them exactly the same weight as, but slightly larger and slightly finer silver than, the thaler.

Still, near enough wasn't good enough for the locals, and the new coins were rejected, too. In the end, the Italians gave up, swallowed their pride and began issuing their own restrike Maria Theresa thalers, from the Rome mint, for use in their recalcitrant colony.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
Pillar of the Community
United States
1416 Posts
 Posted 05/31/2008  08:36 am  Show Profile   Bookmark this reply Add Zohar444 to your friends list Get a Link to this Reply
Thank you - this is great !
Valued Member
United Kingdom
195 Posts
 Posted 06/03/2008  11:40 am  Show Profile   Bookmark this reply Add stratocaster to your friends list Get a Link to this Reply
Yup, great story!Thank you Sap.
Pillar of the Community
United States
3366 Posts
 Posted 06/06/2008  01:24 am  Show Profile   Bookmark this reply Add Archraz to your friends list Get a Link to this Reply
Thanks, Sap. Beautiful coin and great info.
  Previous Topic Topic Next Topic  
 
To participate in the forum you must log in or register.

Coin Community Member eBay Sales

Certified Coins   Certified VAMs   Certified Errors  




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2018 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2018 Coin Community Forums
It took 0.42 seconds to rattle this change. Powered By: Snitz Forums 2000 Version 3.4.05