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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.
The Austrian coins were minted in Vienna, and came in face values of 1, 2, 10, and 20 heller; and 1, 2, 5, 10, 20, and 100 kronen. The Austrian 100-krone coin is still being minted, with a 1915 mint mark to enable Austrians to take advantage of a grandfather clause in the law regarding private ownership of gold bullion.
Coins of Hungary – bullion gold coins 1 dukát 19.75 mm "FERENCZ J. A. CSÁSZÁR" 9, standing I Ferenc József, mintmark "MAGYAR ORSZÁG AP. KIRÁLYA", Small coat of arms with angels, year of minting 1868 "FERENCZ JÓZSEF I.K.A.CS. ÉS M.H.S.D.O.AP.KIR.", standing I Ferenc József, mintmark
When the gulden was decimalized in 1857, new coins were issued in denominations of 1 ⁄ 2 (actually written 5 ⁄ 10), 1 and 4 kreuzers in copper, with silver coins of 5, 10, and 20 kreuzers, 1 ⁄ 4, 1 and 2 gulden and 1 and 2 Vereinsthaler and gold coins of 4 and 8 gulden (or 10- and 20 francs). Vereinsthaler issues ceased in 1867.
The krone (alternatively crown; German: Krone, Hungarian: korona, Italian: corona, Polish: korona, Slovene: krona, Serbo-Croatian: kruna, Czech: koruna, Slovak: koruna, Romanian: coroană, Ukrainian: корона) was the official currency of Austria-Hungary from 1892 (when it replaced the gulden as part of the adoption of the gold standard) until the dissolution of the empire in 1918.
The Hungarian and Dutch gold ducats, minted for centuries with a stable fineness, were esteemed trade coins. Other trade coins were the so-called silver trade dollars used by Mexico and the USA to buy South American or Chinese goods relatively cheaply.
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