DUCATS

DUCATS

Ducats are medieval golden money first made in Venice. The name comes from the abbreviation “ducat-us”, meaning “Duchy”. It had spread across whole Europe as the most common trading golden money, weight was 3, 49 grams, and purity 0, 9866. It is in use since October 1284, when it was made by the order of Giovanni Dandolo, and in Serbia it was referred under the ruler ship of King Milutin, who was Giovanni’s contemporary. After a short period many other countries at that time copied ducats. Even in Serbia golden ducats were minted. They were known as ducats of King Milutin and Prince Lazar, but the tests of numismatic specimens turned out to be forgeries. In Serbia the Austrian ducats were in use, until the the advent of the national money, when its value was determined as 12 silver dinars. In the entire history ducat is regarded as the longest held monetary unit. It has long been used as jewelry, and old ducats have numismatic value.
Today, we can find ducats on the market like Austrian ducat 3, 49 grams, fineness of 986 and domestic ducats with historical characters and characters of saints which generally weight 2g, 3g and 3,5g, and by custom order it can be done with bigger weight, and fineness of 900.

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