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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.
Although there is no information about coinage in what was the Duchy of Venice (a semi-independent entity within the Byzantine Empire from which the Republic of Venice originated), ancient historians such as Andrea Dandolo and Marin Sanudo mention that the privilege of coinage was given to Venice by the kings of Italy Rudolph II (in 921) and Berengar II (in 950); however, it is more likely ...
The sequin or zechin (/ ˈ s iː k w ɪ n /; Venetian and Italian: zecchino [dzekˈkiːno]) is a gold coin minted by the Republic of Venice from the 13th century onwards. The design of the Venetian gold ducat, or zecchino, remained unchanged for over 500 years, from its introduction in 1284 to the takeover of Venice by Napoleon in 1797. No ...
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]
Gold Ducats of Domenico Cattaneo. Both sieges were prolonged until Cattaneo's lieutenant in charge in Phocaea reached a compromise for the siege to be lifted in exchange for the return of the hostages and surrender of Mytilene. Cattaneo reneged on this agreement and Mytilene was retaken only after his Latin mercenaries were bribed in 1336. [12]
The ducat was the main currency of the Kingdom of the Two Sicilies between 1816 and 1860. When the Congress of Vienna created the kingdom merging the Kingdom of Naples and the Kingdom of Sicily, the ducat became at par a continuation of the Neapolitan ducat and the Sicilian piastra issued prior to 1816, although the Sicilian piastra had been subdivided into 240 grana.
The Byzantine economy had declined so much that by 1343, Empress Anna of Savoy had to pawn the Byzantine crown jewels for 30,000 Venetian ducats, which was the equivalent of 60,000 hyperpyra. [51] In 1348, Constantinople had an annual revenue of 30,000 hyperpyra while across the Golden Horn in the Genoese colony of Galata , the annual revenue ...
The chervonets was suspended entirely after the monetary reform of 1947. However, a large number of golden chervontsy were struck in the 1920s design before the 1980 Summer Olympics in Moscow, for sale to collectors (1,000,000 coins of proof quality dated 1980) and businesses (6,565,000 uncirculated coins, dated 1975–1982 [23]). It was hoped ...