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Kingdom of Hungary
Ferdinand I
Denar Silver Coin
匈牙利王國
斐迪南一世
代納爾銀幣
Item number: A1845
Year: AD 1538
Material: Silver
Size: 15.5 x 15.2 x 0.2 mm
Weight: 0.55 g
Manufactured by: Kremnica Mint
Provenance: Fuchin Coin 2024
This is a denar silver coin issued in AD 1538 in the name of King Ferdinand I of Hungary. On average, 96 silver denars were equivalent to 16 groschen, which corresponded to 2 thalers or 2 guldiners, equating to 1 forint.
The obverse of the silver coin features the coat of arms of Ferdinand I at its centre. The small shield within the main emblem displays a horizontal band across the shield, representing the Archduchy of Austria. The larger shield supporting the smaller one is divided into four quadrants: the upper left contains multiple horizontal stripes, symbolising the Árpád dynasty, the founders of the Kingdom of Hungary; the upper right features the Hungarian double cross, denoting Hungarian sovereignty; the lower left displays a crowned leopard’s head facing forward, signifying Dalmatia, a region now part of present-day Croatia and Bosnia; the lower right showcases a crowned rampant lion, representing the Kingdom of Bohemia. The shield is encircled by a border, with an outer ring bearing the Latin inscription “FERDINAND · D · G · R · VNG,” which expands to “Ferdinandus Dei Gratia Rex Ungariae,” meaning “Ferdinand, by the grace of God, King of Hungary.” The upper section of the coin bears the inscription “1538,” indicating the year of issue.
The reverse of the silver coin depicts a seated full-length image of the Virgin Mary, crowned and holding the Christ Child in her right arm. On either side of the image are the letters “KB,” representing the mint mark of Kremnica (Körmöcbánya in Hungarian), where “K” denotes the mint and “B” refers to the mint master, Bernhard Behem. After AD 1540, this mint’s coinage mark was standardised as “KB.” The central imagery is enclosed by a border, with the outer ring bearing the Latin inscription “PATRONA VNGARIE,” meaning “Patron Saint of Hungary.”
The Kremnica Mint, established in AD 1328 and located in present-day Slovakia, is one of the oldest continuously operating mints in Europe. Due to the region’s rich gold deposits, the mint became a major centre for currency production in the medieval Kingdom of Hungary. Between the 14th and 16th centuries, it was renowned across Europe for minting high-purity and high-quality gold florins (forints) and ducats. During the Habsburg rule (16th to 19th centuries), the mint continued producing currency for the empire and, with industrialisation in the 19th century, adopted mechanised techniques, becoming a key minting facility for the Austro-Hungarian Empire. Following the establishment of Czechoslovakia in AD 1918, the mint became the country’s official minting institution. After Slovakia’s independence in AD 1993, it continued producing the nation’s currency and, since AD 2009, has been responsible for minting euro coins. Currently, the mint remains operational, producing currency for Slovakia and various other nations, along with commemorative coins, medals, and other metal crafts.
Hungary’s first king, Stephen I (reigned AD 1000–1038), initiated the minting of denar silver coins during his reign. These coins were of high quality and widely accepted in international trade. In the 14th century, Charles I (Károly Róbert) implemented monetary reforms, introducing the gold forint modelled after the Florentine florin (Fiorino d’oro). Due to the high value of the gold forint, groschen (garas) were introduced as subsidiary currency. In the 15th century, Matthias Corvinus (Hunyadi Mátyás, reigned AD 1458–1490) reformed the monetary system, establishing a stable currency structure and introducing the image of the Virgin Mary on coins, making it a central element of Hungarian coin design. During the Habsburg rule, Leopold I standardised the currency system across the Holy Roman Empire, formally introducing the Kreuzer as a circulating currency in Hungary. In AD 1753, the signing of the Austria-Bavaria Monetary Convention established a unified convention thaler system. The Kreuzer replaced the denar as Austria’s and its controlled territories’ subsidiary currency. After the reign of Maria Theresa (AD 1740–1780), denars were no longer minted. In AD 1816, the Österreichische Nationalbank (Austrian National Bank) was officially established. This currency system remained in place until AD 1857, when Austria adopted the silver-based “Vereinsthaler” system, leading to the gradual replacement of the Kreuzer, which was converted from silver to copper. In Habsburg-ruled Hungary, the Kreuzer remained in use until AD 1892, when it was ultimately replaced by the krone.
Ferdinand I (AD 1503–1564) was a significant ruler of the Habsburg dynasty, serving as Archduke of Austria, King of Hungary and Bohemia, and later being crowned Holy Roman Emperor in AD 1558. He was the second son of Philip I of Castile and Queen Joanna of Castile, born in Alcalá de Henares, Spain. From AD 1521 onwards, he governed the Austrian territories. In AD 1526, following the death of King Louis II of Hungary and Bohemia in the Battle of Mohács, Ferdinand, through his marriage to Anne, the sister of Louis II, claimed the thrones of both Hungary and Bohemia. However, his rule in Hungary was contested by John Zápolya, leader of Transylvania, leading to a prolonged struggle for the Hungarian crown. In the wars against the Ottoman Empire, Vienna was besieged in AD 1529 and again in AD 1532, and Ferdinand was ultimately able to maintain control only over the western part of Hungary. In AD 1556, following the abdication of Emperor Charles V, Ferdinand succeeded as Holy Roman Emperor. His reign focused on maintaining imperial stability and mediating between Catholics and Protestants, culminating in the Peace of Augsburg (AD 1555), which established the principle of Cuius regio, eius religio. He passed away in Vienna in AD 1564.
銀幣的正面中央為斐迪南一世之紋章,中央小盾徽為一橫帶槓於盾中,代表奧地利大公國。承托小盾徽的較大盾徽分為四個象限,左上部分的多條橫帶,代表創立匈牙利王國的阿爾帕德王朝;右上部分為代表匈牙利統治者的匈牙利雙十字;左下部分為戴冠的豹首,正視前方,代表達爾馬提亞地區,其位於今克羅埃西亞與波士尼亞境內;右下部分為戴冠人立的雄獅,代表波希米亞王國。盾徽以圓圈環繞,外圈為拉丁簡寫「FERDINAND · D · G · R · VNG」,即「Ferdinandus Dei Gratia Rex Ungariae」,意為「斐迪南,蒙上帝恩典,匈牙利國王」。上方之「1538」,標示了發行年。