1 Ducat

Obwalden was one of the smallest and most conservative of the Swiss forest cantons, and its gold ducat issues were struck in tiny quantities for ceremonial and diplomatic purposes rather than everyday commerce. The canton lacked the mint infrastructure of larger Swiss states and contracted production intermittently, which accounts for the long nominal date range masking what were almost certainly sporadic, small-batch strikings across several decades.

The ducat standard itself — inherited from the medieval Venetian sequin — remained the preferred unit for high-value Swiss cantonal gold long after the Helvetic Republic's monetary reforms had disrupted silver coinage.