5 Ducats Peace

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.