1 Thaler - Xaver Prize Thaler, Konventionstaler

The Xaver Prize Thaler was struck under Friedrich Christian's successor administration during the regency of Prince Xaver, who governed Saxony on behalf of the young Elector Friedrich August III from 1763 to 1768. Saxony had emerged from the Seven Years' War devastated — Prussian occupation had drained the treasury and disrupted the mint entirely. The Prize Thalers of this period were awarded as academic distinctions, continuing a Saxon tradition of using struck silver as scholastic prizes rather than currency.

The Konventionstaler standard itself dates to the 1753 monetary convention between Austria and Bavaria, which Saxony eventually adopted in the post-war reorganization of its coinage.