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Pistole

Pistole is the French name given to a Spanish gold coin in use from 1537; it was a doubloon or double escudo, the gold unit. The name was also given to the Louis d'Or of Louis XIII of France, and to other European gold coins of about the value of the Spanish coin. One pistole was worth approximately ten livres or three écus, but higher figures are also seen. The derivation is uncertain; the term may come from the Czech píšťala, or from the Italian town of Pistoia; either way, it was originally spelled pistolet and originated in military slang, and probably has the same root as pistol.

In Germany
Frederick the Great issued the Friedrich d'or pistole of 5 thalers in 1741 while the gold-silver price ratio of 14.5 was low, making it cheaper to reissue the thaler currency in gold. At 6.05 g fine gold per pistole, each thaler was worth 1.21g fine gold & 1.21 x14.5 = 17.545 g fine silver, cheaper than the prevailing standard of 19.488 g fine silver per thaler. The different North German states followed minting the 5-thaler pistole under their rulers' names (August-, Friedrich-August- or Christian d'or). Its standard varied slightly; at best 35 to a Cologne Mark of gold 130/144 fine, or 6.032 g fine gold; and at worst 35 to a Mark 129/144 fine, or 5.957 g fine gold. The North German pistole was minted from 1741 to 1855. == Notes ==
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