Coins from the Free city of Riga
In 1561, due to the Livonian Order's demise as a result of the Livonian War (1558–1583), Riga gained the status of Free City. While many places around Riga were at war, the City was self-sufficient enough that it held its "Free City" status for twenty year until, in 1581, the Polish-Lithuanian Commonwealth took Riga over.
Free city of Riga - Schilling (1561-1581)
1 Ferding = 9 Schilling = 27 Pfennig = 54 Scherf • 4 Ferding = 1 Mark • 4.5 Mark = 1 Thaler • 2 Thaler = 1 Dukat
Free city of Riga - Goldgulden (1561-1581)
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