Gold coin St. Wenceslas 5 Ducat | 1938

Gold historical coins have 0% VAT rate.

In the period after the establishment of the Republic, the theory of the direct free exchangeability of banknotes for gold persisted. This goal could not be easily achieved, so a commercial coin, the ducat, was to be issued first. The law stipulated that the ducat was to be minted within historical parameters and was to remain absolutely inviolable in its weight and purity. Law No. 62/1923 on the minting of Czechoslovak ducats stipulated that the ducats would be minted as commercial coins.

The concept of a commercial coin means that it is not a legal, i.e. forced, tender and its price fluctuates on the basis of supply and demand. The law specified the technical parameters of the single and double ducats and the fact that the obverse side would bear the image of Duke Wenceslas, as had been the case on Czech coins for centuries, especially in the 15th and 16th centuries. Due to the great interest, it was decided that five and ten ducats would be issued on the occasion of the 1000th anniversary of the death of Duke Wenceslas. These were minted from 1929 onwards. The ducats of all values were minted until 1938 at the mint in Kremnica. With the establishment of the Slovak State, minting was interrupted. The mintage of St Wenceslas ducats was discontinued in 1951, when a limited number were minted for the needs of foreign trade. Further minting was permanently terminated by the repeal of the law on their issue in 1976.