The history of money in Slovakia

Ukážky mincí a medailí v zbierkacvh kremnického múzea

On the first floor, visitors have a unique opportunity to learn about the complex history of money in the territory of Slovakia, from the oldest times to the present day, with a particular focus on production at the Kremnica mint. They can also get to know about the development of coin minting from the Middle Ages until modern times, as well as see the minting machinery and the many rare results of test mintage.

To begin with, there is a presentation of the various means of payment that pre-dated coins and the oldest coins struck in the territory of predent-day Slovakia, produced by the Celts in the period from the 3rd to 1st centuries BC.  This is followed by a display of Roman, Byzantine and West European (Carolina) means of payment used in the territory of Slovakia from the beginning of the common era until the 10th century. Even though the Great Moravian Empire did not mint money of its own, findings of coins of closer and more distant neighbours provide a record of its excellent economic ties. The territory of Slovakia later became a part of the Hungarian Empire. This period is documented by the numerous coin series of small dinars, high-quality silver groschens and the world famous Kremnica florins, later ducats.

The oldest coins were minted manually on a block using a coining die and a hammer, and this method was used up to the 17th century. Gradually, the Kremnica mint introduced machine minting; at first, from 1661, it used a minting rolling machine, and then, from 1710, a minting screw press, referred to as the Balancier machine. From the 19th century, automatic minting machines became a part of the technical equipment of the mint.

The turn of the 15th and 16th centuries witnessed the minting of the famous Kremnica guldiners. In another room, visitors can learn about the various currencies of the multi-national Habsburg monarchy, as well as about the efforts to establish a monetary union. The history of paper means of payment in Hungary dates back to 1762. Visitors can view the inflation money from the era of the Napoleonic wars, the money of revolutionaries in Hungary from the period 1848-49, the banknotes of the Austro-Hungarian Bank, and the first Czechoslovak banknotes.

Recent history can be brought to life by viewing the development of means of payment after 1948. Of special value is the test coinage that was not put into production. The origins of the Slovak currency in 1993 are presented in great detail - from the stamping of the Czechoslovak banknotes, to the art designs of coins, to the final version of the Slovak koruna. At the end, visitors can study the circumstances surrounding the introduction of the new European currency - the euro - in Slovakia in 2009.