The subsequent course of events and the existing Prussian (Imperial German) system have been already specified (see text, p. [215]).
Hamburg.
The origin of the common Mint standard of Lübeck and Hamburg was the division of the mark into 16
schillingen, and each schilling into 12 pfennige. The metal mark and the Mint mark soon parted company, and by the time of the treaty of 1255 the two states agreed to mint the mark of fine silver into 38 schillingen 10 pfennige (= 2 marks 6 schillingen 10 pfennige).
The Wendish standard was established by the adoption in 1325 of the Hamburg-Lübeck treaty by Wismar and Lüneburg.
In 1433 this Wendish standard adopted the Cologne mark as its weight basis.
COURSE OF DEPRECIATION OF THE STANDARD.
| Mks. | Sch. | Pf. | ||||
|---|---|---|---|---|---|---|
| 1226— | The mark | of fine silver | coined into | 2 | 2 | 0 |
| 1255 | " | " | " | 2 | 9 | 5 |
| 1293 | " | " | " | 2 | 9 | 8 |
| 1305 | " | " | " | 2 | 15 | 5 |
| 1325 | " | " | " | 3 | 0 | 9 |
| 1353 | " | " | " | 3 | 10 | 11 |
| 1375 | " | " | " | 4 | 3 | 0 |
| 1398 | " | " | " | 4 | 15 | 2 |
| 1403 | " | " | " | 5 | 1 | 11 |
| 1411 | " | " | " | 5 | 12 | 5 |
| 1430 | " | " | " | 8 | 8 | 0 |
| 1450 | " | " | " | 9 | 12 | 2 |
| 1461 | " | " | " | 11 | 8 | 10 |
| 1506 | " | " | " | 12 | 8 | 0 |
The Mint Union of the Wendish states continued until the beginning of the seventeenth century, when it expired unperceived. The experience of Hamburg in the Kipper und Wipper Zeit, with its resultant establishment of the Hamburg Bank, has been already referred to.
In 1667 Hamburg freely joined the Zinnaische standard, according to which the mark of fine silver was coined into