The rigsdaler was the name of several currencies used in Denmark until 1875. The similarly named Reichsthaler, riksdaler and rijksdaalder were used in Germany and Austria-Hungary, Sweden and the Netherlands, respectively. These currencies were often anglicized as rix-dollar or rixdollar. History Several different currency systems have been used by Denmark from the 16th to 19th centuries. The krone (lit. "crown") first emerged in 1513 as a unit of account worth 8 marks. The more generally used currency system until 1813, however, was the Danish rigsdaler worth 1 krone (or schlecht daler), 6 marks, or 96 skilling. The Danish rigsdaler used in the 18th century was a common system shared with the silver reichsthalers of Norway, Hamburg and Schleswig-Holstein. The currency system consisted of the Reichsthaler specie (Rigsdaler specie) worth 120 skillings in Denmark and Norway, and the lower-valued Rigsdaler courant worth th of specie or 96 skillings (both units worth 60 and 48 schellingen, respectively, in Hamburg and Schleswig-Holstein). In 1770 the Hamburg Bank equated 9 reichsthalers specie to a Cologne Mark of fine silver, hence 25.28 g silver in a rigsdaler specie. Following the Danish state bankruptcy of 1813, Denmark dropped out of the currency system above, in favor of a new rigsbankdaler reduced to a Rigsdaler specie. The new rigsbankdaler was exchanged for 6 rigsdaler courant in banknotes which were severely devalued during the Napoleonic Wars. 96 skilling made one rigsbankdaler and 192 skilling made one Rigsdaler specie of 25.28 g fine silver. In 1854 the rigsdaler species name disappeared and the names rigsbankdaler and rigsbank skilling became rigsdaler and skilling rigsmønt. Thus, there were 96 skilling rigsmønt to the rigsdaler. In 1873, Denmark and Sweden formed the Scandinavian Monetary Union and the rigsdaler was replaced by the Danish krone on 1 January 1875. An equal valued krone/krona of the monetary union replaced the three currencies at the rate of 1 krone/krona = Danish rigsdaler = Norwegian speciedaler = 1 Swedish riksdaler. Because of this reform, where two Danish kroner was then of equal worth to the Danish daler, the "tokrone" coins got the common name of "daler" as they were functionally the same (the real daler got retired). It, however, became an increasingly-uncommon name since the "tokrone" coin did not exist from 1959 to 1993. Coins In the late 18th century, coins were issued in denominations of , 1, 2, 4, 8, 24 and 32 skilling, ,