2 Ducats

St. Gallen struck this two-ducat piece in 1621, the same year the Thirty Years' War was reshaping credit networks and trade flows across the Holy Roman Empire. As a free imperial city dependent on its linen trade and the reputation of its currency, St. Gallen had strong incentive to maintain high-fineness gold coinage — the .986 purity here was not ceremonial fastidiousness but commercial necessity.

The HMZ 2-895a reference places this among a small group of documented St. Gallen gold multiples from the early seventeenth century, all of which survive in very limited numbers.