Ducat
Gold or silver coin used as a trade coin in Europe / From Wikipedia, the free encyclopedia
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For other uses, see Ducat (disambiguation).
The ducat (/ˈdʌkət/) 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. Similarly named silver ducatons also existed. The gold ducat circulated along with the Florentine florin and preceded both the modern British pound sterling and the United States dollar.[1]