gold or silver coin used as a trade coin in Europe

A ducat is a gold coin that was used for trade in Europe until World War I. The first ducat was made in silver by Roger II of Sicily in 1140.[1] In 1284 the Republic of Venice started making the gold ducat which came to be widely used. The value of a ducat at the beginning of the 20th century was nine shillings and fourpence or a little more than four United States dollars.

A ducat from 1582


  1. "Austrian Gold One Ducat Coins". taxfreegold.co.uk. 2012. Retrieved 23 October 2012.