The National Bank of Hungary have issued a new gold coin, which launches a new annual coin series entitled “Gold Florins of Medieval Hungary.” The inaugural piece of the series, struck at the Mint of Hungary in Budapest, depicts the golden florin ducat originally issued under the reign of Charles I.
Born into the House of Anjou in Naples and called “Caroberto”, with the termination of the House of Árpád, he was crowned King Charles I of Hungary in 1301 (though not internationally recognized until his third coronation in 1310) and was the first King of this dynasty reigning until 1342. The name of the founder of the Hungarian House of Anjou is associated with numerous monetary reforms, one of which was the introduction of gold coinage backed by the increase in Hungarian gold mining that occurred at that time. According to estimates, in the late Middle Ages, Hungary’s gold production accounted for more than three-quarters of Europe’s total annual production.
Among his monetary reforms, he introduced gold coinage patterned after the gold coins of Florence, Italy, the “fiorino d’oro” (which was also source of the Hungarian word ‘FORINT’). These coins carried the fleur de lys motif along with the inscription of KAROLY REX (King Charles) on the obverse and an image of the patron saint of Florence, Saint John the Baptist on the reverse.
The front and back of this historical coin are the inspiration of this gold collector coin which is designed by E.Tamás Soltra. The reverse also includes the face value of 10,000 Forint below the primary design and the text “MAGYARORSZAG” (Hungary) and the year of issue “2012” just positioned to the left of the fleur de lys design.
Struck in proof quality, the coin is minted in the traditional fineness for all Ducat gold coinage, .986 fine with a weight of 3.49 grams and a diameter of 20 mm. A mintage of 5,000 pieces has been authorized. A very small quantity of double-piedfort versions (13.96 grams) was also offered by the National Bank.
For more information on this and other coins offered by the National Bank, please visit the website of the Mint of Hungary at: http://coins.hu/products/gold_coins/the-Gold-Florin-of-Charles-1st-10000Ft-Au-unc.html