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Many collectors wonder what an Austrian Ducat is worth. It is important to first understand what an Austrian Ducat coin actually is. The Ducat became a popular world traded coin. It was first introduced in the late 13th Century. However, it was the Venetians who introduced the coin.
Austrian Gold Ducats are large gold coins valued by investors for several reasons. First of all for their 98.60% fineness weighing 3.44 grams. Secondly, these circulated coins were the highest purity gold coins to be issued prior to the late 20th Century. Therefore, during the 1400s international traders in Western Europe changed from using florins to ducats as the preferred currency.
It is important to note, Ducats come it different sizes in different countries in Western Europe. Today