1 Thaler - Frederick August I Mining Thaler

Frederick Augustus I had reigned as King of Saxony since Napoleon personally elevated the title in 1806 — a reward for loyalty that cost Saxony nearly half its territory at the Congress of Vienna in 1815. The Mining Thaler series was among the first major coinage initiatives of the reorganized, reduced kingdom, and it drew deliberately on Saxony's deepest economic identity: the silver mines of the Erzgebirge, which had underwritten Saxon wealth since the fifteenth century.

The two-year window of this issue, 1822–1823, reflects a short-run commemorative intent rather than a circulating series. Müseler's attribution places it firmly within the Ausbeute tradition — coins struck from the direct yield of specific mining operations, a practice Saxon rulers had used intermittently since the 1500s.