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Austrian gold ducat depicting Kaiser Franz-Josef, c. 1910. The ducat (/ ˈ d ʌ k ə t /) coin was used as a trade coin in Europe from the later Middle Ages to the 19th century. Its most familiar version, the gold ducat or sequin containing around 3.5 grams (0.11 troy ounces) of 98.6% fine gold, originated in Venice in 1284 and gained wide international acceptance over the centuries.
Ducat of Michele Steno (1400-1413). Denarius of Louis the Pious (minted 819-822). Republic of Venice, Grosso or 'Matapan' of Antonio Venier, Doge of Venice (1382-1400). Silver ducato of Giovanni II Cornaro. The Coinage of the Republic of Venice include the coins produced by the Republic of Venice from the late 12th century to 1866. [1]
The gold ducat then became an even more popular Venetian coin from the 13th to 19th centuries. Issued in 1284 in imitation of the Florentine florin and containing around 3.5 g fine gold, it was initially valued at 2.4 lire piccoli or 18 silver grossi (each grosso then worth 32 piccoli ).
The Venetian state then resold the salt at a profit - a form of Salt tax - to markets throughout Italy, Dalmatia, Slovenia, and the Stato da mar. Venice had a salt monopoly for many of these markets. The Salt Office collected 165,000 ducats net of costs in 1464, or around 15% of the entire income of the Venetian state. [17]
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On 31 January 1503, Venice signed another treaty with Vladislaus II, having already paid 124,000 ducats through the previous treaty, to pay 30,000 ducats a year for the same purpose. [1] In 1503, Turkish cavalry raids reached Venetian territory in Northern Italy, and Venice was forced to recognize the Ottoman gains, ending the war.
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