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{{short description|Gold coin of the Republic of Florence, struck from 1250 (at least) to 1533}}
{{short description|Gold coin and currency of the Republic of Florence}}
{{about|the historical coinage called "florin"}}
{{about|the historical coinage called "florin"}}
[[Image:Gouden florijn.jpg|thumb|right|The back of an Italian florin coin]]
[[Image:Gouden florijn.jpg|thumb|right|The back of an Italian florin coin]]
[[Image:Fiorino 1347.jpg|right|thumb|Florin from [[Środa treasure]]]]
[[Image:Fiorino 1347.jpg|right|thumb|Florin from the [[Środa treasure]]]]


The [[Florence|Florentine]] '''florin''' was a [[coin]] struck from 1252 to 1533 with no significant change in its design or metal content standard during that time.<ref>See the ''Ricordanze di S. Maria di Cafaggio'', which mentions florins being used in the year MCCL (1250).</ref> It had 54 [[grain (measure)|grains]] of nominally pure or 'fine' gold (3.5368 grams, 0.1125 [[troy ounce]])<ref>{{cite book |first=Mario |last=Bernocchi |title=Le monete della repubblica fiorentina |volume=III |publisher=[[Leo S. Olschki Editore]] |year=1976 |page=66}}</ref> with a purchasing power difficult to estimate (and variable) but ranging according to social grouping and perspective from approximately 140 to 1000 modern [[US dollar]]s. The name of the coin comes from the ''Giglio bottonato'' ([[:it:Giglio bottonato|it]]), the floral emblem of the city, which is represented at the head of the coin.<ref>{{cite book |title=Il paradosso francescano tra povertà e società di mercato |url=https://books.google.com/books?id=KpoMM5RcZakC&pg=PA98 |first=Oreste |last=Bazzicchi |publisher=Effatà Editrice |year=2011 |page=98 |isbn=978-88-7402-665-4}}</ref>
The [[Republic of Florence|Florentine]] '''florin''' was a gold [[coin]] (in Italian ''Fiorino d'oro'') struck from 1252 to 1533 with no significant change in its design or metal content standard during that time.<ref>See the ''Ricordanze di S. Maria di Cafaggio'', which mentions florins being used in the year MCCL (1250).</ref> It had 54 [[grain (measure)|grains]] ({{convert|{{multiply|54|1/480}}|ozt|g|disp=comma|abbr=none|lk=out|order=flip|sigfig=4}}<!-- A troy ounce is 480 grains -->) of nominally pure or 'fine' gold<ref>{{cite book |first=Mario |last=Bernocchi |title=Le monete della repubblica fiorentina |volume=III |publisher=[[Leo S. Olschki Editore]] |year=1976 |page=66}}</ref> with a purchasing power difficult to estimate (and variable) but ranging according to social grouping and perspective from approximately 140 to 1,000 modern [[US dollar]]s. The name of the coin comes from the ''Giglio bottonato'' ([[:it:Giglio bottonato|it]]), the floral emblem of the city, which is represented at the head of the coin.<ref>{{cite book |title=Il paradosso francescano tra povertà e società di mercato |url=https://books.google.com/books?id=KpoMM5RcZakC&pg=PA98 |first=Oreste |last=Bazzicchi |publisher=Effatà Editrice |year=2011 |page=98 |isbn=978-88-7402-665-4}}</ref>


==History==
==History==
{{see also|History of coins in Italy}}
The ''fiorino d'oro'' of the [[Republic of Florence]] was the first [[Europe]]an gold coin struck in sufficient quantities since the seventh century to play a significant commercial role. As many Florentine banks were international supercompanies with branches across Europe, the florin quickly became the dominant trade coin of Western Europe for large-scale transactions, replacing silver bars in multiples of the [[Mark (unit)|mark]] (a [[Units of measurement|weight unit]] equal to eight troy ounces).
The ''fiorino d'oro'' (gold florin) was used in the [[Republic of Florence]] and was the first [[Europe]]an gold coin struck in sufficient quantities since the 7th century to play a significant commercial role. The florin was recognised across large parts of Europe. The territorial usage of the ''[[lira]]'' and the florin often overlapped; where the lira was used for smaller transactions (wages, food purchases), the florin was for larger transactions such as those used in dowries, international trade or for tax-related matters.<ref name=":0">{{Cite book |last=Hollingsworth |first=Mary |url=https://books.google.com/books?id=bJmUDQAAQBAJ |title=The Medici |publisher=Head of Zeus |year=2017 |isbn=978-1-78669-151-4 |language=en |chapter=A Note to the Reader}}</ref>


The first minting of the florin occurred in 1252. At the time the value of the florin was equal to the ''lira'', but by 1500 the florin had appreciated; seven ''lire'' amounted to one florin.<ref name=":0" />
In the fourteenth century, a hundred and fifty European states and local coin-issuing authorities made their own copies of the florin. The most important of these was the [[Hungarian forint]], because the [[Kingdom of Hungary]] was a major source of European gold (until mining in the [[New World]] began to contribute to the supply in the sixteenth and seventeenth centuries, most of the gold used in Europe came from [[Africa]]).


In the 14th century, about a 150 European states and local coin-issuing authorities made their own copies of the florin. The most important of these was the [[Hungarian forint]], because the [[Kingdom of Hungary]] was a major source of European gold (until mining in the [[New World]] began to contribute to the supply in the 16th and 17th centuries, most of the gold used in Europe came from [[Africa]]).{{Citation needed|date=December 2022}}
The design of the original Florentine florins was the distinctive [[fleur de lis|fleur-de-lis]] badge of the city on one side and on the other a standing and facing figure of [[John the Baptist|St. John the Baptist]]<ref>{{Cite book|last=Horner|first=Susan|title=Walks in Florence and Its Environs|last2=Horner|first2=Joanna B.|publisher=Smith|year=1884|isbn=|volume=2|location=|pages=125}}</ref> wearing a [[hair shirt]]. On other countries' florins, the inscriptions were changed (from "Florentia" around the fleur, and the name of the saint on the other), and local [[Heraldry|heraldic]] devices were substituted for the fleur-de-lis.


Later, other figures were often substituted for St. John. On the Hungarian forints, St. John was re-labelled [[Ladislaus I of Hungary|St. Ladislaus]], an early Christian king and patron saint of Hungary, and a battle axe substituted for the original's sceptre. Gradually the image became more regal looking.
The design of the original Florentine florins was the distinctive [[fleur de lis|fleur-de-lis]] badge of the city on one side and on the other a standing and facing figure of [[John the Baptist|St. John the Baptist]]<ref>{{Cite book|last1=Horner|first1=Susan|title=Walks in Florence and Its Environs|last2=Horner|first2=Joanna B.|publisher=Smith|year=1884|isbn=|volume=2|location=|pages=125}}</ref> wearing a [[cilice]]. On other countries' florins, the inscriptions were changed (from "Florentia" around the fleur, and the name of the saint on the other), and local [[Heraldry|heraldic]] devices were substituted for the fleur-de-lis. Later, other figures were often substituted for St. John. On the Hungarian forints, St. John was re-labelled [[Ladislaus I of Hungary|St. Ladislaus]], an early Christian king and patron saint of Hungary, and a battle axe substituted for the original's sceptre. Gradually the image became more regal looking.{{Citation needed|date=December 2022}}

The weight of the original fiorino d'oro of Florence was chosen to equal the value of one [[lira]] (i.e. a nominal silver pound of 20 soldi or 240 denari) in the local [[Coin of account|money of account]] in 1252. However, the gold content of the florin did not change while the money of account continued to [[Inflation|inflate]]; by 1500, a florin was worth seven Florentine lire. The values of other countries' money continually varied against each other, reinforcing the florin's utility as a common measure of value for foreign exchange transactions.
{{clear|left}}


==Other coins==
==Other coins==
[[File:Holland Jan van Beieren goudgulden.jpg|thumb|300px|Gold florin or "Beiersgulden", struck in [[County of Holland|Holland]] under [[John III, Duke of Bavaria|John of Bavaria]]]]
[[File:Holland Jan van Beieren goudgulden.jpg|thumb|300px|Gold florin or "Beiersgulden", struck in [[County of Holland|Holland]] under [[John III, Duke of Bavaria|John of Bavaria]]]]
[[File:Filips de Schone St-Philippus goudgulden Holland Dordrecht.jpg|thumb|300px|Gold florin or "Philippus goudgulden", struck in [[Dordrecht]] under [[Philip I of Castile|Philip the Fair]]]]
[[File:Filips de Schone St-Philippus goudgulden Holland Dordrecht.jpg|thumb|300px|Gold florin or "Philippus goudgulden", struck in [[Dordrecht]] under [[Philip I of Castile|Philip the Fair]]]]
The term ''florin'' was borrowed elsewhere in Europe. A variant of the florin was the '''Rheingulden''', minted by several German states encompassing the commercial centers of the Rhein ([[Rhine]]) River valley, under a series of monetary conventions starting in 1354, initially at a standard practically identical to the Florentine florin (98% gold, 3.54 grams). By 1419, the weight had been slightly reduced (to 3.51 grams) and the alloy was substantially reduced (to 79% gold). By 1626, the alloy had been slightly reduced again (to 77% gold), while the weight was more substantially reduced (to 3.240 grams). In 1409, the [[Rheingulden]] standard (at the time 91.7% gold) was adopted for the Holy Roman Empire's [[Goldgulden|Reichsgulden]].<ref>{{cite book |title=The History of Currency 1252–1894 |author=W. A. Shaw |edition=reprint of second |year=1967 |orig-year=1896 |location=New York |publisher=Augustus Kelley |lccn=67020086 }}</ref>
The term ''florin'' was borrowed elsewhere in Europe. A variant of the florin was the [[Rhenish gulden|Rheingulden]], minted by several German states encompassing the commercial centers of the Rhein ([[Rhine]]) River valley, under a series of monetary conventions starting in 1354, initially at a standard practically identical to the Florentine florin (98% gold, 3.54 grams). By 1419, the weight had been slightly reduced (to 3.51 grams) and the alloy was substantially reduced (to 79% gold). By 1626, the alloy had been slightly reduced again (to 77% gold), while the weight was more substantially reduced (to 3.240 grams). In 1409, the Rheingulden standard (at the time 91.7% gold) was adopted for the Holy Roman Empire's [[Goldgulden|Reichsgulden]].<ref>{{cite book |title=The History of Currency 1252–1894 |author=W. A. Shaw |edition=reprint of second |year=1967 |orig-year=1896 |location=New York |publisher=Augustus Kelley |lccn=67020086 }}</ref>

The [[Dutch guilder]] is symbolized as Fl. or [[Florin sign|ƒ]], which means florijn (florin).

The English [[Florin (English coin)|coin first issued in 1344]] by [[Edward III of England]] is also known as a florin. Originally valued at six shillings, it was composed of 108 [[Grain (mass)|grain]]s (6.99828 [[gram]]s) of gold with a purity of 23 carats and {{frac|3|1|2}} grains (or {{frac|23|7|8}} carats)<ref name="Dye1883">{{cite book|author=John S. Dye|title=Dye's coin encyclopædia: a complete illustrated history of the coins of the world ...|url=https://books.google.com/books?id=E5cUAAAAYAAJ&pg=PA761|access-date=22 February 2012|year=1883|publisher=Bradley & company|page=761}}</ref><ref name="Palgrave1912">{{cite book|last=Palgrave|first=Sir Robert Harry Inglis|author-link=Inglis Palgrave|title=Dictionary of political economy|url=https://books.google.com/books?id=GIdQAAAAYAAJ&pg=PA82|access-date=22 February 2012|year=1912|publisher=Macmillan and Co.|page=82}}</ref> – and more recently (minted between 1849-1967 although circulating alongside the decimal ten pence coin until 1993 when it was withdrawn due to a resizing) relating to a [[coins of the pound sterling#Pre-decimal coinage|British pre-decimal]] [[silver coin]] (later [[nickel silver]]) also known as a [[two shillings (British coin)|two shilling (or two bob) "bit"]] (abbreviation 2/-) worth 24 pence or one-tenth of a pound.


In [[Ireland]], a silver [[Florin (Irish coin)|florin]] coin (worth one-tenth of an [[Irish pound]], with [[Irish language|Irish]] inscription {{lang|ga|flóirín}}) was minted between 1928 and 1943; it became [[cupronickel]] in 1943 and was withdrawn from use on 1 June 1994.<ref>{{cite ISB | year=1993|type=si|num=270 | title=Coinage (Calling In) Order 1993 |date=16 September 1993|signedby=[[Bertie Ahern]], [[Minister for Finance (Ireland)|Minister for Finance]]}}</ref>
The [[Dutch guilder]] is symbolized as Fl. or ƒ, which means florijn (florin).


The [[Hungarian forint]] is named after the florin.<ref>{{Cite book|last=Engel |first=Pál |url=https://www.worldcat.org/oclc/56676014|title=The realm of St. Stephen : a history of medieval Hungary, 895-1526|date=2001|publisher=I.B. Tauris|isbn=1-4175-4080-X|location=London|oclc=56676014}}</ref>
Also the English [[Florin (English coin)|coin first issued in 1344]] by [[Edward III of England]] is known as florin. Originally valued at six shillings, it composed of 108 [[Grain (mass)|grain]]s (6.99828 [[gram]]s) of gold with a purity of 23 carats and {{frac|3|1|2}} grains (or {{frac|23|7|8}} carats)<ref name="Dye1883">{{cite book|author=John S. Dye|title=Dye's coin encyclopædia: a complete illustrated history of the coins of the world ...|url=https://books.google.com/books?id=E5cUAAAAYAAJ&pg=PA761|access-date=22 February 2012|year=1883|publisher=Bradley & company|page=761}}</ref><ref name="Palgrave1912">{{cite book|last=Palgrave|first=Sir Robert Harry Inglis|author-link=Inglis Palgrave|title=Dictionary of political economy|url=https://books.google.com/books?id=GIdQAAAAYAAJ&pg=PA82|access-date=22 February 2012|year=1912|publisher=Macmillan and Co.|page=82}}</ref> – and more recently relating to a [[coins of the pound sterling#Pre-decimal coinage|British pre-decimal]] [[silver coin]] (later [[nickel silver]]) also known as a [[two shillings (British coin)|two shilling (or two bob) "bit"]] (abbreviation 2/-) worth 24 pence or one-tenth of a pound.


== See also==
== See also==
Line 33: Line 35:
* [[History of coins in Italy]]
* [[History of coins in Italy]]
* [[Soldo]]
* [[Soldo]]
* [[Venetian ducat]]
* [[Venetian grosso]]
* [[Venetian grosso]]
* [[Venetian lira]]
* [[Venetian lira]]
Line 40: Line 43:


== Bibliography ==
== Bibliography ==
* {{cite web |url=http://www.gmmnut.com/gmm/sca/florin.html |title=Ian Cnulle's Florin |work=[[Society for Creative Anachronism]] Archive |access-date=11 March 2023 |archive-url=https://web.archive.org/web/20170811223234/http://www.gmmnut.com/gmm/sca/florin.html |archive-date=11 August 2017}}
* http://www.gmmnut.com/gmm/sca/florin.html - See Discussion
* {{cite book |title=Coins of Medieval Europe |author=Philip Grierson |publisher=Seaby, London |year=1991 |isbn= 1-85264-058-8 }}
* {{cite book |title=Coins of Medieval Europe |author=Philip Grierson |publisher=Seaby, London |year=1991 |isbn= 1-85264-058-8 }}
* {{cite book |title=Money and its use in medieval Europe |author=Peter Spufford |publisher=Cambridge University Press |year=1988 |isbn=0-521-37590-8 }}
* {{cite book |title=Money and its use in medieval Europe |author=Peter Spufford |publisher=Cambridge University Press |year=1988 |isbn=0-521-37590-8 }}
* {{cite book |title=Handbook of Medieval Exchange |author=Peter Spufford |publisher=Royal Historical Society, London |year=1986 |isbn=0-86193-105-X }}
* {{cite book |title=Handbook of Medieval Exchange |author=Peter Spufford |publisher=Royal Historical Society, London |year=1986 |isbn=0-86193-105-X }}
* The Economy of Renaissance Florence. Richard A. Goldthwaite [https://books.google.com/books?id=OM2ckx49QFYC&pg=PT71&lpg=PT71&dq=gold+florin+florence+coin&source=bl&ots=X5kMKAlaEh&sig=rgsRw-d0xc417YyZHGhRQBBCaIQ&hl=it&ei=SZNNS7aPMciN_Aav9KWgDg&sa=X&oi=book_result&ct=result&resnum=6&ved=0CCoQ6AEwBTgK#v=onepage&q=gold%20florin%20florence%20coin&f=false]
* Richard A. Goldthwaite, ''The Economy of Renaissance Florence'' [https://books.google.com/books?id=OM2ckx49QFYC&dq=gold+florin+florence+coin&pg=PT71]


== External links ==
== External links ==
Line 52: Line 55:
* [http://www.royalmintmuseum.org.uk/british-coinage/denominations/florin/index.html History of the British Florin] {{Webarchive|url=https://web.archive.org/web/20130524084202/http://www.royalmintmuseum.org.uk/british-coinage/denominations/florin/index.html |date=2013-05-24 }}
* [http://www.royalmintmuseum.org.uk/british-coinage/denominations/florin/index.html History of the British Florin] {{Webarchive|url=https://web.archive.org/web/20130524084202/http://www.royalmintmuseum.org.uk/british-coinage/denominations/florin/index.html |date=2013-05-24 }}


{{Historic Italian currency and coinage}}
{{Guilder}}
{{Guilder}}



Latest revision as of 23:17, 6 July 2024

The back of an Italian florin coin
Florin from the Środa treasure

The Florentine florin was a gold coin (in Italian Fiorino d'oro) struck from 1252 to 1533 with no significant change in its design or metal content standard during that time.[1] It had 54 grains (3.499 grams, 0.1125 troy ounces) of nominally pure or 'fine' gold[2] with a purchasing power difficult to estimate (and variable) but ranging according to social grouping and perspective from approximately 140 to 1,000 modern US dollars. The name of the coin comes from the Giglio bottonato (it), the floral emblem of the city, which is represented at the head of the coin.[3]

History

[edit]

The fiorino d'oro (gold florin) was used in the Republic of Florence and was the first European gold coin struck in sufficient quantities since the 7th century to play a significant commercial role. The florin was recognised across large parts of Europe. The territorial usage of the lira and the florin often overlapped; where the lira was used for smaller transactions (wages, food purchases), the florin was for larger transactions such as those used in dowries, international trade or for tax-related matters.[4]

The first minting of the florin occurred in 1252. At the time the value of the florin was equal to the lira, but by 1500 the florin had appreciated; seven lire amounted to one florin.[4]

In the 14th century, about a 150 European states and local coin-issuing authorities made their own copies of the florin. The most important of these was the Hungarian forint, because the Kingdom of Hungary was a major source of European gold (until mining in the New World began to contribute to the supply in the 16th and 17th centuries, most of the gold used in Europe came from Africa).[citation needed]

The design of the original Florentine florins was the distinctive fleur-de-lis badge of the city on one side and on the other a standing and facing figure of St. John the Baptist[5] wearing a cilice. On other countries' florins, the inscriptions were changed (from "Florentia" around the fleur, and the name of the saint on the other), and local heraldic devices were substituted for the fleur-de-lis. Later, other figures were often substituted for St. John. On the Hungarian forints, St. John was re-labelled St. Ladislaus, an early Christian king and patron saint of Hungary, and a battle axe substituted for the original's sceptre. Gradually the image became more regal looking.[citation needed]

Other coins

[edit]
Gold florin or "Beiersgulden", struck in Holland under John of Bavaria
Gold florin or "Philippus goudgulden", struck in Dordrecht under Philip the Fair

The term florin was borrowed elsewhere in Europe. A variant of the florin was the Rheingulden, minted by several German states encompassing the commercial centers of the Rhein (Rhine) River valley, under a series of monetary conventions starting in 1354, initially at a standard practically identical to the Florentine florin (98% gold, 3.54 grams). By 1419, the weight had been slightly reduced (to 3.51 grams) and the alloy was substantially reduced (to 79% gold). By 1626, the alloy had been slightly reduced again (to 77% gold), while the weight was more substantially reduced (to 3.240 grams). In 1409, the Rheingulden standard (at the time 91.7% gold) was adopted for the Holy Roman Empire's Reichsgulden.[6]

The Dutch guilder is symbolized as Fl. or ƒ, which means florijn (florin).

The English coin first issued in 1344 by Edward III of England is also known as a florin. Originally valued at six shillings, it was composed of 108 grains (6.99828 grams) of gold with a purity of 23 carats and 3+12 grains (or 23+78 carats)[7][8] – and more recently (minted between 1849-1967 although circulating alongside the decimal ten pence coin until 1993 when it was withdrawn due to a resizing) relating to a British pre-decimal silver coin (later nickel silver) also known as a two shilling (or two bob) "bit" (abbreviation 2/-) worth 24 pence or one-tenth of a pound.

In Ireland, a silver florin coin (worth one-tenth of an Irish pound, with Irish inscription flóirín) was minted between 1928 and 1943; it became cupronickel in 1943 and was withdrawn from use on 1 June 1994.[9]

The Hungarian forint is named after the florin.[10]

See also

[edit]

References

[edit]
  1. ^ See the Ricordanze di S. Maria di Cafaggio, which mentions florins being used in the year MCCL (1250).
  2. ^ Bernocchi, Mario (1976). Le monete della repubblica fiorentina. Vol. III. Leo S. Olschki Editore. p. 66.
  3. ^ Bazzicchi, Oreste (2011). Il paradosso francescano tra povertà e società di mercato. Effatà Editrice. p. 98. ISBN 978-88-7402-665-4.
  4. ^ a b Hollingsworth, Mary (2017). "A Note to the Reader". The Medici. Head of Zeus. ISBN 978-1-78669-151-4.
  5. ^ Horner, Susan; Horner, Joanna B. (1884). Walks in Florence and Its Environs. Vol. 2. Smith. p. 125.
  6. ^ W. A. Shaw (1967) [1896]. The History of Currency 1252–1894 (reprint of second ed.). New York: Augustus Kelley. LCCN 67020086.
  7. ^ John S. Dye (1883). Dye's coin encyclopædia: a complete illustrated history of the coins of the world ... Bradley & company. p. 761. Retrieved 22 February 2012.
  8. ^ Palgrave, Sir Robert Harry Inglis (1912). Dictionary of political economy. Macmillan and Co. p. 82. Retrieved 22 February 2012.
  9. ^ Coinage (Calling In) Order 1993 (S.I. No. 270 of 1993). Signed on 16 September 1993 by Bertie Ahern, Minister for Finance. Statutory Instrument of the Government of Ireland. Retrieved from Irish Statute Book.
  10. ^ Engel, Pál (2001). The realm of St. Stephen : a history of medieval Hungary, 895-1526. London: I.B. Tauris. ISBN 1-4175-4080-X. OCLC 56676014.

Bibliography

[edit]
[edit]