Ducats

Ducats were gold or silver coins used as a trade currency throughout Europe from the later Middle Ages until as late as the 20th century. The name "ducat" is derived from the Latin word "ducatus," meaning "duchy" or "dukedom," and was first used in the 12th century.

History

The first ducats were issued by the Republic of Venice in 1284 under the rule of Doge Giovanni Dandolo. These coins were known as "zecchino" in Italian, named after the Venetian mint, the Zecca. The Venetian ducat became widely recognized and trusted for its consistent weight and purity, making it a preferred currency for international trade.

Design

The design of the Venetian ducat featured the image of the Doge kneeling before Saint Mark, the patron saint of Venice, on one side, and a depiction of Jesus Christ on the other. The coin's weight was approximately 3.5 grams of nearly pure gold (99.47%).

Spread and Influence

The success of the Venetian ducat led to its adoption and adaptation by other European states. Notable examples include the Hungarian ducat, the Austrian ducat, and the Dutch ducat. Each of these coins maintained the high standards of weight and purity set by the original Venetian ducat.

Modern Usage

While ducats are no longer used as everyday currency, they remain popular among collectors and investors. Modern mints, such as the Austrian Mint, continue to produce ducats as bullion coins.

Related Pages

• Republic of Venice
• Doge
• Saint Mark
• Jesus Christ
• Hungarian ducat
• Austrian ducat
• Dutch ducat
• Zecca