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Florence

フィレンツェ ／ florence　—　People & places

A city of Italy, known for its gold coin and its banks.

Florin (fiorino) Florin (fiorino)AD 1252– Genovino gold coin Genovino gold coin1337–1344
A photograph of the real thing this term names.

⚠ Merchants, out of their own necessity, created gold coins and developed double-entry bookkeeping. This is a rare example of merchants, not a king, safeguarding the quality of the coinage.