War The political turbulence of the early twentieth century which culminated in the First World War brought the Latin Monetary Union to its final end in practice, even though it continued de jure until 1927, when it came to a formal end. The last coins made according to the standards (i.e., diameter, weight and silver fineness) of the Union were the Swiss half, one-franc, and two-franc pieces of 1967. However, Austria still mints gold 4 and 8 florin gold coins to the LMU specifications for collectors and investors, and modern gold rounds to LMU standards are also commercially minted. Impact A 2018 study in the European Review of Economic History found that the LMU had no significant effects on trade, except during the period 1865–1874. The Latin Monetary Union inspired the Scandinavian Monetary Union, established in 1873. Coins Below are examples of coins of 5 units silver coins: See also Bimetallism Economic and Monetary Union of the European Union Euro Latin Union Spanish peseta Stella (United States coin) Notes References Further reading External links Grand-dad of today's Euro: The Latin Monetary Union (1865-1927) Coins of the Latin Monetary Union: 1865 - 1926 Economic history of France Economic history of Greece Economic history of the Holy See Economic history of Italy Economic history of Romania Economic history of Serbia Economic history of Spain Economic history of Switzerland 19th-century economic history Metallism Currency unions Numismatics Economic history of Belgium