4 Goldgulden

Cologne's municipal coinage authority was fiercely guarded by the city council against repeated attempts by the Archbishop to reassert monetary control — a tension that defined Cologne's minting history through much of the fifteenth and early sixteenth centuries. A four-gulden piece represents a high-denomination trade coin, almost certainly struck for large mercantile transactions along the Rhine rather than everyday commerce.

Fr#756a distinguishes this from the more common 756 variety. Freise's attribution places it among the rarest of Cologne's gold multiples.