At its meeting at Lüneburg in 1568 the Lower Saxon Circle adopted a system not far removed from that of the third Imperial Mint Ordinance of 1559. The mark of fine silver was to be coined into 10 florins 43 11⁄67 kreutzers, and the thaler was fixed at 24 groschen (=72 kreutzers).
Underneath this separately concerted action of the Circles, however, licence and disorder prevailed in the issue of smaller pieces of a grossly depreciated nature, before which the good heavy silver species disappeared, leaving the greatest confusion, together with a continual rise in prices or fall in the standard. The imperial proclamations of 20th January and 24th September 1571 were of no avail against this process, and by 1585 the mercantile rate had risen, thus—
| Philipps thaler | = 82 kr. |
| Reichs thaler | = 74 " |
| Gulden groschen | = 64 " |
In 1596 the Imperial Commissioners at Frankfort provisionally recognised as a tariff—
| Gold gulden | =80 kr. |
| Reichs thaler | =72 " |
| Gulden groschen or thaler | = 64 " |
But later in the same year these authorities at Strasburg set the Reichs thaler at 84 kreutzers (mark of fine silver =
12 fl. 36 kr.). As the disorder of the Kipper und Wipper Zeit broke over the Empire, in consequence of the process of wilful depreciation, the Emperor made several public attempts at its arrestation by letters addressed to the various Circles separately (1601, 1603, and 1607). Meanwhile, the Reichs thaler had risen to 90 kreutzers (mark of fine silver = 13 1⁄2 florins).
According to this valuation the gulden of 1551 of 72 kreutzers was set at 94 kreutzers, and the gulden of 1559 of 60 kreutzers was set at 79 kreutzers.
It was on this latter basis (of the 60-kreutzer Reichs gulden of 1559 = 79 kreutzers) that was founded the later Misnian, Franconian, and Kammer-Gerichts currencies of the eighteenth century, which did not materially differ amongst themselves, thus—
Misnian gulden @ 31 groschen (= 78 2⁄3 kr.)
Franconian gulden @ 20 batzen (= 80 kr.)
Kammer-Gerichts gulden = 78 kr. 2 10⁄23 thalers.