Mark
Mark
Mark-coins from Frederick III to Christian V
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The
mark was originally money of account, that is a specification of an amount
of silver minted in small-denomination coins. The mark was first minted
as a coin in northern Germany in the years just after 1500. The first minting
of mark in Norway was initiated by Archbishop Olav
Engelbrektsson (1523-1537).
The relative value between mark, taler
and skilling changed on
several occasions until 1625. From then on the relative values were kept
fixed until 1816, when the mark was replaced with twentyfour-skilling pieces
(ort) as the money of account in the new monetary system.
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