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Gulden

Issuer City of Nijmegen (Dutch States)
Year 1499
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Technique Hammered
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Reverse description Saint Stephen, protomartyr, is depicted full-length and nimbate, standing in a frontal hieratic pose within a beaded inner circle. He holds a palm frond in his right hand, symbolising martyrdom, and a book — likely the Gospels — in his left. The figure is rendered in the flat, linear style characteristic of late-fifteenth-century Low Countries hammered coinage. The surrounding legend in Gothic uncial script reads S STEPHAN PROTHOM, identifying the saint as Stephen the first martyr, and is contained between the inner circle and the milled outer border.
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Edge Plain
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Additional information

Nijmegen held a peculiar status in the late fifteenth century — a free imperial city of the Holy Roman Empire that simultaneously maintained deep ties to the Burgundian Netherlands, a dual allegiance that made its coinage politically loaded. The right to strike gold was jealously guarded and frequently contested; this gulden falls within a brief window before Habsburg consolidation effectively ended municipal minting autonomy across the region. Delmonte G#667 is among the scarcer civic gold issues of the period precisely because the city's minting activity was already contracting under external pressure by the turn of the century.

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