Maria Theresa thalers were, and still are, quite popular "jewellery coins" in Eastern Africa, where they are made into quite elaborate pendants; check out the example in this old thread.
So it looks like someone wanted to make such a jewellery-piece, but didn't have access to a genuine* thaler - or simply wanted to make one cheaper than using a genuine coin would have allowed.
* - yes, pretty much every single Maria Theresa thaler you're likely to find in Africa is a restrike, and thus not technically "genuine" either.
So it looks like someone wanted to make such a jewellery-piece, but didn't have access to a genuine* thaler - or simply wanted to make one cheaper than using a genuine coin would have allowed.
* - yes, pretty much every single Maria Theresa thaler you're likely to find in Africa is a restrike, and thus not technically "genuine" either.
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