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3 Ducats

Issuer City of Schaffhausen
Year 1632
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Composition Gold (.986)
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Obverse script Latin
Obverse lettering MONETA NOVA SCAFVSENSIS
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Additional information

Schaffhausen struck multiple-ducat pieces in 1632 at the height of the Thirty Years' War, a conflict that hit the Swiss Confederation's northern cantons with particular economic disruption as Imperial and Swedish armies repeatedly crossed the Rhine nearby. The city's decision to produce high-denomination gold at this moment likely reflects emergency reserve management rather than routine coinage policy — large-denomination gold issues from small Swiss city-states during this period frequently functioned as portable wealth instruments rather than circulating currency.

KM#44 is rarely encountered, as surviving examples suggest limited original production.

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