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10 Dukat - Carl XI

Issuer Riga, City of
Year 1660
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Reference(s) Ahlström#85, Fed#944, Neum#52, KM#57
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Obverse script Latin
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Reverse description The arms of the city of Riga — a heraldic castle gateway — displayed centrally beneath two crossed keys surmounted by a royal crown, the whole flanked by the divided date 16-60 and the engraver's initials I-M. A continuous Latin legend surrounds the composition in the outer field, proclaiming the king's crowning of the city's loyalty.
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This piece was struck to commemorate the capitulation of Riga to Swedish forces in 1660 — or more precisely, to celebrate the Peace of Oliva signed that same year, which formalized Swedish dominance over much of the eastern Baltic. Riga had been under Swedish control since 1621, but the city retained enough civic autonomy to issue presentation coinage of this kind, effectively buying goodwill with its new overlords through gold.

Ten-dukat multiples of this type were never intended for circulation. They were diplomatic gifts and presentation pieces, almost certainly commissioned by the city council. Survivors in any condition are exceptional; the Ahlström and Neumann references each cite only a handful of recorded specimens.

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