1 Ducat

Historical Context: The 1886 Obwalden 1 Ducat represents a unique numismatic expression from a Swiss half-canton. Issued decades after the 1848 formation of the modern Swiss Federal State, this gold coin reflects residual cantonal sovereignty despite the federal franc currency. Obwalden's choice to strike a traditional ducat, a long-standing European trade denomination, signifies a deliberate homage to historical financial practices and cantonal autonomy, not practical circulation. It was issued under the cantonal government's authority.

Artistry: The artistic execution of this ducat aligns with late 19th-century Swiss medallic tradition, likely from the Federal Mint in Bern. While specific engravers are often unrecorded for such cantonal issues, the stylistic school leans towards refined Neoclassicism, emphasizing clear heraldic devices. The design prominently features the cantonal arms of Obwalden—the key of St. Peter—on one side. The reverse typically displays the denomination, date, and possibly a legend or allegorical motif within a classically inspired decorative framework.

Technical/Grading: This 3.22 gram gold ducat requires careful assessment of its strike and high-points for accurate grading. Critical areas of relief, such as the bow and wards of the St. Peter's key on the Obwalden arms, are primary indicators of strike quality and wear. A fully struck example will show sharp, complete details across these features and pristine fields. Planchet quality for late 19th-century Swiss gold issues is generally excellent, often presenting proof-like surfaces on uncirculated specimens. Wear first appears on highest relief elements.