A ducat is a gold or silver coin that was historically used in various European countries. First minted in the late 13th century, it became a standard currency for trade and commerce. The design and value of ducats varied by region, but they were often associated with wealth and stability. Ducats were widely circulated in places like Venice, Austria, and the Netherlands. They played a significant role in international trade, especially during the Renaissance. Today, ducats are considered collectible items and are often sought after by numismatists for their historical significance and craftsmanship.