Basilikon

The basilikon (Greek: βασιλικόν [νόμισμα], "imperial [coin]"), commonly also referred to as the doukaton (Greek: δουκάτον), was a widely circulated Byzantine silver coin of the first half of the 14th century. Its introduction marked the return to a wide-scale use of silver coinage in the Byzantine Empire, and presaged the total abandonment of the gold coins around the middle of the century.

History

The basilikon was introduced shortly before 1304 by Emperor Andronikos II Palaiologos (r. 1282–1328), in direct imitation of the Venetian silver ducat or grosso, chiefly to pay the mercenaries of the Catalan Company. The Byzantine coin closely followed the iconography of the Venetian model, with a seated Christ on the obverse and the two standing figures of Andronikos II and his son and co-emperor Michael IX Palaiologos (r. 1294–1320) replacing St. Mark and the Doge of Venice on the reverse. The similarity was reinforced by the name of the new coin: the ducato, the "coin of the doge", became the basilikon, the "coin of the basileus", although the contemporary Greek sources usually call both doukaton.