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Cavallotto - Ercole II Reggio Emilia

Issuer Duchy of Modena and Reggio (Italian States)
Year 1534-1559
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Value 1 Cavallotto
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Obverse script Latin
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Mintage ND (1534-1559)
1553
1554
1555
1556
1557
1558
Additional information

Ercole II d'Este ruled Ferrara, Modena, and Reggio at a moment of intense geopolitical pressure — the Este were perpetually caught between French and Imperial ambitions, and Ercole spent much of his reign managing that balance by marrying Renée of France while remaining a nominal Imperial vassal. Small copper issues like this cavallotto kept local markets liquid during a period when silver was being hoarded or remitted northward to fund Habsburg campaigns. The denomination was a workhorse of street-level commerce, not a prestige issue.

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