10 Dukat - Carl XI

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.