2 Ducats - Leopold I Graz

Graz served as the capital of Inner Austria and maintained its own mint largely because the Habsburgs needed a local facility to process gold coming down from the Styrian and Carinthian mining districts. By 1672, Leopold I was deep into the financial strain of near-continuous conflict — the ongoing struggle against Ottoman expansion and the aftermath of the costly Turkish wars of the 1660s put relentless pressure on Habsburg minting operations across all their hereditary lands.

Herinek 184 is a recognized variety within a complex series; Leopold's Graz gold issues are notoriously difficult to attribute cleanly given the volume of dies cut across overlapping years.