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Ludwigspfennig

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Ludwigspfennig
MOS–4
Code SLP
Denominations
Symbol ø, gø
Banknotes 1gø, 2gø, 5gø, 10gø 25gø, 50gø, 100gø, 250gø, 500gø
Coins

1ø, 5ø, 10ø, 50ø
Before 1690 AN: 100ø, 500ø, 1,000ø (valid until 1715)

Between 1690 AN and 1709 AN: 1gø, 2gø (valid until 1734)
Demographics
User(s)

Republic of the United Cities in the Lanzerwald

Previously Sankt Ludwigshafen


The Ludwigspfennig is a currency that is minted in Sankt Ludwigshafen. Until 1690 all coins were made from simple copper without an alloy. The currency is one of three currencies used in Sankt Ludwigshafen, along with the Jingdaoese Kala and the Craitish Cräite. Pre-1690 Ludwigspfennigs were not worth much more than their weight in copper and their use was usually limited to everyday purchases such as groceries as large payments tended to become very heavy and going shopping with wheelbarrows full of coins was frowned upon. The coins weighted approximately 1 gram per pfennig. The 1,000ø coin had a hole in it, through which a stick can be put to bundle them together. Bundles of 10 or 20 coins were commonly used and called onzeners (10,000ø) or zwozeners (20,000ø).

1690 reform

In 1690 the newly elected Stadtparlement tried to replace both the Kala and the Craïte with the Ludwigspfennig, which had to be reformed. They introduced banknotes out of safety paper, cupronickel coins for the lower valued coins (1ø - 50ø) and the higher valued coins (1gø, 2gø) were made out of a silver alloy with a 520 Millesimal fineness. The Großpfennig (gø) was introduced, which is worth 100 Pfennig (ø). The larger coins (100-1,000ø) were no longer produced, but would be considered legal tender until 1700, and could be converted into new currency at the Nationalbank until 1715.

1709 reform

In 1709 the Republic of Sankt Ludwigshafen was superseded by the Republic of the United Cities in the Lanzerwald which kept the Ludwigspfennig as the official currency. Because of a shortage of valuable metals following the Second Ludwiggian-Monovian War, the republic stopped the production of Großpfennig coins that had previously been made out of silver, and it replaced them with banknotes out of safety paper. While this measure was expected to be a temporary solution, it was not reverted when valuable metals became available again on the market.