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Ducat

Issuer Uri, Schwyz and Unterwalden, Monetary Union of
Year 1520
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Weight 3.38 g
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Obverse script Latin
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Reverse description Saint Martin of Tours depicted on horseback moving to the left, rendered in bold relief, in the act of dividing his military cloak with his sword to share with a near-naked beggar who stands beside the horse. The composition follows the standard hagiographic iconographic convention of the charitable act for which the saint is venerated. The abbreviated Latin legend S · MARTINVS · appears in the field, identifying the patron saint. The scene is enclosed within a beaded border consistent with the obverse treatment.
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Additional information

The Monetary Union of the Three Forest Cantons — Uri, Schwyz, and Unterwalden — was a pragmatic response to the chronic shortage of reliable gold coinage circulating through the central Swiss passes. These cantons controlled the St. Gotthard route, and the ducat was as much a commercial instrument for Alpine transit trade as anything else. The joint issue formalized a monetary agreement among polities that were politically allied but economically distinct.

Production was limited and short-lived. By the mid-sixteenth century the union had effectively ceased issuing gold, making survivorship from the 1520 emission genuinely rare.

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