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Danish West Indian daler

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Title: Danish West Indian daler  
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Subject: Danish West Indies, Economy of the United States Virgin Islands, Geneva thaler, St. Gallen thaler, Valais thaler
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Danish West Indian daler

The daler (Danish, plural the same or dalere, English: dollar) was the currency of the Danish West Indies between 1849 and 1917.

History

Christian IX of Denmark
CHRISTIAN IX • 1904 • DANSK VESTINDIEN. Bare head left. 50 FR ANCS Half draped female by Viking ship. In exergue 10 DALER
The 1904 50 Francs (10 Daler) gold coin (on average) contains 16.129 grams of gold (0.9000 fine) and weighs 0.4667 ounces.[1] Only 2,005 were struck.[1]

The daler replaced the rigsdaler in 1849. No subdivisions were issued until 1859, although a variety of coins were countermarked for use on the islands. In 1859, coins denominated in cents were introduced, with 100 cents = 1 daler.

In 1904, two new denominations were introduced, the bit and franc. The four units were related as 5 bit = 1 cent, 100 bit = 20 cents = 1 franc, 100 cents = 5 francs = 1 daler.[1] Coins were issued each denominated in two units, bits and cents, francs and cents, or francs and daler. Gold coins were struck and issued in 4 and 10 daler denominations (121,000 and 2,005 minted respectively) only in 1904.[1] Banknotes were issued denominated in francs. The franc was equal to the French franc, with text on the reverse of the banknotes (see [1]) giving the value in Danish kroner and øre, with 1 franc = 72 øre.

The daler was replaced by the U.S. dollar when the Danish West Indies became the U.S. Virgin Islands, with 1 dollar = 1.0365 daler.

Coins

Between 1849 and 1859, U.S., Brazilian, British, British West Indies, French, Dutch and Spanish coins were stamped with a crowned FRVII for circulation in the Danish West Indies. Denominations listed in Krause & Mishler are ½ and 1 cent, ¼, ½ and 1 dollar from the U.S.A., ⅛ and ¼ dollar from the British West Indies' anchor coinage, British farthings, ½ and 6 pence, 1 shilling, ½ and 1 crown, French 5 sous and ½ franc, Mexican 8 reales, Dutch 25 cent and Spanish 4 maravedíes, 1, 2 and 4 reales.

In 1859, coins were introduced in denominations of 1, 3, 5, 10 and 20 cents. Except for the bronze 1 cent, these coins were silver. In 1904, with the new currency system, gold coins were introduced in denominations of 4 daler (20 francs) and 10 daler (50 francs). These were followed in 1905 by denominations of ½, 1, 2, 5, 10, 20 and 40 cents. These coins also bore the denominations 2½, 5, 10 and 50 bit, 1 and 2 francs. The ½, 1 and 2 cents were struck in bronze, the 5 cents in nickel and the other denominations in silver.

Banknotes

Danish West Indies, Saint Croix, 2 dalere (1898)
Danish West Indies, Saint Croix, 2 dalere (1898)

In 1849, the State Treasury introduced notes in denominations of 2, 3, 5, 10, 50 and 100 dalere. The Bank of St Thomas issued notes denominated in dollars between 1837

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