Prague groschen
The Prague groschen (, , , ) was a groschen-type silver coin that was issued by Wenceslaus II of Bohemia since 1300 in the Kingdom of Bohemia and became very common throughout Medieval Central Europe. Coin. It is a silver coin with on the obverse the legend "DEI GRATIA REX BOEMIE" ("By the grace of God the King of Bohemia") and on the reverse "GROSSI PRAGENSES" ("Prague groschen"). The weight of the coin varies between 3.5 and 3.7 g with a fineness of 933/1000 of silver. The groschen was subdivided into twelve "parvus" ("small") coins with a Bohemian heraldic lion sign  on the obverse. History. Minting of this coin started around 1300 after silver mines had been discovered in Kutná Hora during the reign of the Bohemian king Wenceslaus II. King Wenceslaus II invited the Italian lawyer Gozzius of Orvieto to create a mining code "Ius regale montanorum" which was also partly a reform of the coinage. This, and the high amount of silver found in Kutná Hora, resulted in the implementation of the Prague groschen. Because of the high amount of silver used in the coin, it became one of the most popular of the early Groschen-type coins in  medieval Europe. In documents of the era, like e.g. the Peace of Thorn (1411), large amounts of money often were given in more convenient unit, called in Latin "sexagena" (= threescore) of Prague groschen, which equals to Czech term "kopa" = 5 dozen = ½ small gross = 60. After the opening of new silver mines in Jáchymov ("Joachimsthal") the Thaler, in Bohemia known as "tolar", came in use. In 1547, minting of Prague groschen was discontinued by king Ferdinand I. Etymology. The inspiration came from France where groschen were used since 1266, and replaced old coins called "denar". The  name came from the Latin "denarius grossus" ().