1 Ducat - Vlad I

The attribution of this tiny coin to Vlad I — son of Dan I and a brief, contested ruler of Wallachia during the 1390s — rests on die studies and hoard evidence rather than any documentary record. Wallachia in this period was caught between Hungarian suzerainty to the north and Ottoman pressure from the south, and Vlad's reign was effectively a struggle to hold a throne that changed hands repeatedly within the dynasty. The MBR reference range spanning six catalogue numbers reflects genuine uncertainty about sequencing within the issue.