Note 770 — CANTO XXX.

The money coined, etc.: The gold florin, afterwards adopted in so many countries, was first struck in 1252; ‘which florins weighed eight to the ounce, and bore the lily on the one side, and on the other Saint John.’—(Villani, vi. 54.) The piece was thus of about the weight of our half-sovereign. The gold was of twenty-four carats; that is, it had no alloy. The coin soon passed into wide circulation, and to maintain its purity became for the Florentines a matter of the first importance. Villani, in the chapter above cited, tells how the King of Tunis finding the florin to be of pure gold sent for some of the Pisans, then the chief traders in his ports, and asked who were the Florentines that they coined such money. ‘Only our Arabs,’ was the answer; meaning that they were rough country folk, dependent on Pisa. ‘Then what is your coin like?’ he asked. A Florentine of Oltrarno named Pera Balducci, who was present, took the opportunity of informing him how great Florence was compared with Pisa, as was shown by that city having no gold coinage of its own; whereupon the King made the Florentines free of Tunis, and allowed them to have a factory there. ‘And this,’ adds Villani, who had himself been agent abroad for a great Florentine house of business, ‘we had at first hand from the aforesaid Pera, a man worthy of credit, and with whom we were associated in the Priorate.’