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# Ducat

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A ducat from 1582

A ducat is a gold coin that was used for trade in Europe until World War I. The first ducat was made in silver by Roger II of Sicily in 1140.[1] In 1284 the Republic of Venice started making the gold ducat which came to be widely used. The value of a ducat at the beginning of the 20th century was nine shillings and fourpence or a little more than four United States dollars.

## References

1. "Austrian Gold One Ducat Coins". taxfreegold.co.uk. 2012. Retrieved 23 October 2012.