In 1541, during the reign of Christian III, the coinage was reorganised and stabilised once again. The value of the coins was fixed, and minting in Denmark proper was referred to Copenhagen, to a newly-established mint in the former Saint Clare Cloisters, approximately at the corner of present-day Gammelmønt ("old mint") and Møntergade ("mint master street"). The mint was situated there until the early 17th century. However, there were other mints in the realm too.