The second issuance of a Tuscan gold coin: the gold groat of Lucca, 1256 |
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| Authors: | Thomas W. Blomquist |
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| Affiliation: | 1. Prospecting and Mining Research Area, Higher Technical School of Mining Engineering, Campus de Vegazana s/n, 24071 León, Spain;2. Department of Geological Engineering and Mining, Faculty of Environmental Sciences and Biochemistry, University of Castilla-La Mancha, Avenida Carlos III s/n, 45071 Toledo, Spain;3. Department of Geodynamics, Stratigraphy and Paleontology, Faculty of Geological Science, Complutense University of Madrid, C/José Antonio Novais, 12, 28040 Madrid, Spain;4. Mining Exploitation Area, Higher Technical School of Mining Engineering, Campus de Vegazana s/n, 24071 León, Spain |
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| Abstract: | In 1252 Genoa and Florence embarked upon the issuance of gold coins. Although Genoa's effort ultimately failed due to an internal economic crisis, the Florentine florin dominated the international money markets of western Europe and beyond for the next two and a half centuries. Lucca, Florence's Tuscan neighbor, likewise ventured into the issuance of a gold coin at least by 1256. However, Lucca's gold issue was apparently of a modest scale and never mounted a challenge to the florin. This article establishes the date ante quern at which Lucca made her return to gold and attempts to explain why the Lucchese gold groat did not become a significant factor in Europe's earliest experiment with bimetallism. |
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