The units of account of the Danish coinage were 1 rigsdaler (rix-dollar) = 6 mark = 96 skilling. This system of account was applied to two different coinage systems: the specie system and the kurant (current) system. The specie system was based on a monetary unit of 1 skilling = 263 mg fine silver and remained unaltered throughout the period. Only a small amount of money was coined on the specie system. The kurant system was the everyday coinage of the period, and it is in this coinage that all prices and wages are expressed.
At the beginning of the period, the kurant system consisted of coins on a standard of 215 mg fine silver per skilling. From 1737 onwards, kurant notes were issued as well, the convertibility of which with silver was suspended in 1745-47 and finally abolished in 1757. After 1788, practically no further silver coin was struck on the kurant system. The exchange value of the skilling therefore did not remain constant in terms of silver.