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1⁄12 Riksdaler / 8 Ore SM - Gustav III
| Issuer | Sweden |
|---|---|
| Year | 1777 |
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| Composition | Log in to see details |
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| Shape | Round |
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| Obverse lettering | FADERNESLANDET· GIII (Translation: (For) The Fatherland) |
| Reverse description | Central device consisting of a crowned orb with horizontal lines, charged with the Three Crowns of Sweden. The fractional value '1/12' appears to the left of the orb and '8' to the right, with the denomination indicators 'R', 'Ö', 'S', and 'M' flanking in abbreviated form. The mintmaster's initials 'OL' and the date '1777' are positioned in the lower exergual area beneath the orb, all within a plain circular field. |
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| Additional information |
Gustav III's monetary reform of 1776 was a deliberate attempt to rationalize Sweden's notoriously convoluted dual-currency system, in which riksdaler and daler silvermynt had coexisted — and confused — for generations. This denomination bridges that old accounting in physical form, struck in the transitional year immediately following the reform's enactment.
The .507 fineness reflects a compromise standard rather than negligence — Swedish mints of this period were working against chronic silver shortages tied to Baltic trade imbalances.