Abstract

During the rule of Sigismund I of Luxembourg, relatively stable gold coins (ducats) and several types of silver coins of different denominations were produced in Hungary. In the entire period, three basic types of deniers were struck in the following time spans: 1387–1389 (H 575), 1390–1427 (H 576) and 1427–1437 (H 578). The second type was very quickly affected by inflation, and possibly because of this process, the third type has replaced it. Besides deniers, also other small denominations have been produced, e.g. parvi struck in 1387–1427 with silver content of some 35.3 %. The ducats struck in 1427–1430 represent other small coins of low quality (18.1 % of silver). After the moment when their production had stopped, Sigismund I started to produce the coins of the lowest quality – quartings – in 1430–1437. Their content of silver was 12.5 % only. The quartings were also affected by inflation soon, which was reflected by their rate in relation to the ducats.

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