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Florin 

Florin

(it), the flower emblem of the city, which is represented at the head of the coin.

The fiorino d’oro (gold florin) was used in the Republic of Florence and was the first European gold coin struck in adequate amounts since the 7th century to play a considerable commercial role. The florin was recognized across big parts of Europe. The territorial use of the lira and the florin frequently overlapped, where the lira was utilized for smaller sized transactions (salaries, food purchases), the florin was for bigger deals such as those used in dowries, international trade or for tax-related matters.

The first minting of the florin took place in 1252, at the time the value of the florin was equal to the lira, however by 1500 the florin had appreciated, seven lire amounted to one florin.

In the 14th century, about a 150 European states and local coin-issuing authorities made their own copies of the florin. The most essential of these was the Hungarian forint, due to the fact that the Kingdom of Hungary was a major source of European gold (until mining in the New World started to add to the supply in the 17th and 16th centuries, the majority of the gold used in Europe originated from Africa).

(it), the floral emblem of the city, which is represented at the head of the coin.

(gold florin) was utilized in the Republic of Florence and was the very first European gold coin struck in sufficient quantities considering that the 7th century to play a significant business function. The florin was recognized throughout big parts of Europe.

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