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5 Ducats Peace

Issuer Nuremberg, Free imperial city of
Year 1698
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Composition Gold (.986)
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Reverse description A full-length standing figure of Pax (Peace), draped in classical robes, occupies the center of the field, holding an olive branch in her left hand and a caduceus in her right. Flanking her at her feet are two seated putti, each resting upon a heraldic shield: the left shield bearing the Imperial eagle and the right bearing the Nuremberg arms. Palm fronds extend to either side of the composition. The engraver's initials GFN appear in the lower central field, and the circular Latin legend, split by the central figure, reads continuously around the periphery within a milled border.
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Mint Nuremberg Mint
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Additional information

Nuremberg struck multiple-ducat pieces like this as presentation gifts and diplomatic currency rather than for everyday exchange — they were handed to visiting dignitaries, imperial officials, and trade delegations as a form of civic statecraft. The Peace designation almost certainly references the Peace of Ryswick, concluded in 1697, which ended the Nine Years' War and briefly stabilized the fractious politics of the Holy Roman Empire. For a free imperial city like Nuremberg, whose autonomy depended entirely on the Empire's internal balance of power, publicly celebrating that settlement was both genuine relief and pointed self-promotion.

The Kellner and Erlanger Slg. references confirm this as a well-documented type, but surviving examples in original condition are seldom encountered outside major institutional holdings.

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