Goldgulden

Zürich's decision to strike its own goldgulden in 1526–1527 came squarely in the middle of Zwingli's reformation of the city, a period during which the council was asserting civic and religious independence from external authority simultaneously. The Holy Roman Empire had long regulated goldgulden standards through the Reichsmünzordnung, and Zürich's adherence to the .986 fineness kept the coin commercially credible across regional trade networks even as the city's political alignments shifted.

Fr#424 is a rare type; surviving examples are few, and the two-year window of production was never resumed.