09.09.2026

The Old Swiss Confederacy: The Heyday of Switzerland's Finest Coins

The various cities and rural regions of the Old Swiss Confederacy held the right to mint their own coins. This is what makes Swiss numismatics such an interesting topic for a collection.

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SINCONA Lake View Collection · Texts and contexts V / Each constituent part of the Old Swiss Confederacy was an independent small state. This resulted in a rich and particularly fascinating variety of coin designs.  

The Switzerland we know today is a product of the 19th century. Its predecessor was a confederacy of various cities and rural regions. All these political entities enjoyed internal autonomy and held the right to mint their own coins. This is what makes Swiss numismatics such an interesting topic for a collection.

At some point in the early 13th century, the inhabitants of three predominantly rural regions began to draw closer to one another. They formed defensive alliances and granted their citizens mutual legal protection. Much later, this rather coincidental event became the subject of a mythologized narrative of an alliance of free Swiss people against the (non-existent) encroachments of the Habsburgs.

The term “Eidgenossenschaft” (confederacy) for Switzerland originates from this era. A confederacy is a community of equals bound together – in this case, by an oath. This is what “Eid” (oath) in the German word “Eidgenossenschaft” refers to.

If you wish to imagine this fluid structure of constantly shifting alliances and treaties, you must forget everything you know about modern states, their constitutions, institutions and legal systems. The Old Confederacy was held together by a bewildering profusion of treaties that were adhered to when expedient and forgotten when inconvenient.

 

DECEM ET TRIA LOCA CONFOEDERATORUM HELVETIAE (The thirtheen “Orte” – that is regions –  of the Swiss Confederacy). From CIVITATES ORBIS TERRARVM, LIBER PRIMVS by Georg Braun and Franz Hogenberg, 1593. Scan by Bibliothèque nationale de France, département Cartes et plans, GE DD-1399.
Title page of CIVITATES ORBIS TERRARVM, LIBER PRIMVS, Georg Braun/Franz Hogenberg, 1593. Digitale Bibliothek der Universität Heidelberg. DOI-Link: https://doi.org/10.11588/diglit.12704#0005

How the Old Confederacy Came About

The year 1291 is now considered the date of the so-called “Rütli Oath”, though modern historians dismiss it as a myth. Still, the so-called Federal Charter is still on display in Schwyz today. In fact, it is nothing more than one of many agreements on mutual support commonly concluded in the High Middle Ages.

The towns of Central Switzerland – Uri, Schwyz and Unterwalden – used it to defend their shared interests. They were situated at the foot of the mountain passes between Italy and the Holy Roman Empire that were used by merchants and armies, enabling local inhabitants to engage in lucrative trade. Other cities and regions joined this early alliance of convenience.

In old auction catalogs of Swiss coins, you will see that the minting authorities are not listed alphabetically but rather according to the date they joined the Swiss Confederacy.

The following dates are considered authoritative:

1291 / Uri
1291 / Schwyz
1291 / Unterwalden (Obwalden / Nidwalden)
1332 / Lucerne
1351 / Zurich
1352 / Glarus
1352 / Zug
1353 / Bern
1481 / Fribourg
1481 / Solothurn
1501 / Basel
1501 / Schaffhausen
1513 / Appenzell

 

The Confederacy of the 13 ”Orte” (members/regions) from 1513 to 1798, including the “Zugewandte Orte” (associated regions) and the “Gemeine Herrschaften” (shared territories). Map from: Allgemeiner Historischer Handatlas by G. Droysen, 1886.

The Expanded Confederacy

These “13 Orte”, as they are referred to in Switzerland – we might speak of 13 regions or 13 members –, were joined by many other territories. These can broadly be divided into three groups.

The first group are “associated regions” – the technical term is "zugewandte Orte" –, which had treaties with one or more of the original 13 members. Some of them are now cantons, such as St. Gallen, Grisons, Geneva and Neuchâtel. Others were too far away. After all, there were also “associated regions” in French Alsace and southern Germany.

The Confederacy also included “subject territories”, which were the lands conquered and exploited by cities such as Basel, Bern, Lucerne or Zurich. Aargau and Thurgau are good examples of this. Their names indicate that they were given not before the French rule. The first syllable refers to the river flowing through them; the second – the German “gau” – means region.

Last but not least, there were the “shared territories”, i.e., territories that were administered jointly by all 13 members.

This means that you can imagine the Old Swiss Confederacy as a mixture of many towns and regions, bishoprics and abbeys, imperial knights and foreign rulers who sometimes cooperated – and sometimes did not.

The Federal Diet

The linchpin of the Old Swiss Confederacy was the federal diet (Tagsatzung). A specific day was set on which the envoys would meet at a particular location to discuss the most important issues. Although the federal diet did not possess any real powers, the elite usually managed to find a compromise through discussion that everyone could accept.

Administration of Justice, Privileges and Fiscal Authority

In other words: each constituent part of the Old Swiss Confederacy was an independent small state that enjoyed all the rights and privileges normally associated with states. Anyone living in Basel, Bern or Zurich was subject to Basel, Bernese or Zurich law, paid Basel, Bernese or Zurich taxes and used Basel, Bernese or Zurich coins, unless their city council had expressly permitted the use of other coins.

For coin collectors, this diversity offers a colorful array of the most varied issues created by towns and regions, each trying to outdo the others in the beauty of their coins. The motifs are just as varied as the towns and regions they represent. This coinage reached a peak when the Reformed territories began to replace saints – which had previously been the main subject of their coins – with detailed townscapes.

 

Depiction of the Old Swiss Confederacy on the frontispiece of Matthäus Merian’s TOPOGRAPHIA HELVETIAE (1654)

 

Magnificent Coins from the Period of the Old Swiss Confederacy (The Lake View Collection – Part 1)

 

BASEL. 8 Ducats 1741, Basel. Off-metal strike in gold with the dies of the half Taler. Townscape from the east, above the inscription “BASILEA” and the curved coats of arms of the eight bailiwicks Ramstein, Liestal, Waldenburg, Farnsburg, Homburg, Münchenstein, Pratteln and Riehen. In the exergue the year and the mint master mark “I H” for Johann Jakob Handmann. Rev. Basilisk looking left, holding the oval, ornate Basel coat of arms in its right claw. “DOMINE . CONSERVA . NOS . IN . PACE“. Plain edge. 27.63 g. Richter (Proben) 1-72 (LP). D.T. 755, note. HMZ 2-100e, note. Fr. 59. Extremely rare. Magnificent condition. About Mint State. Starting price: 100,000 CHF. Lot 2008, SINCONA Auction 108, The Lake View Collection – Part 1, 27 October 2026. NGC MS61 (8902366-023). Top Pop.

 

BERN. 10 Ducats n.d. (1772), Bern. Crowned coat of arms in richly decorated cartouche. “MONETA REIPUBLICAE BERNENSIS.”. Rev. “BENE : / DICTUS SIT / IEHOVA /DEUS” on a richly decorated cartouche. Diagonally ridged edge. By J. C. Mörikofer. 34.47 g. Lohner 29. D.T. 462b. HMZ 2-203b. Fr. 142. Of the highest rarity. Magnificent condition. About Mint State. Starting price: 85,000 CHF. Lot 2030,  SINCONA Auction 108, The Lake View Collection – Part 1, 27 October 2026.

 

GRISONS. Chur, Bishopric. Ulrich VII von Federspiel, 1692-1728. Ducat 1697. Four-part coat of arms of the abbey and the family on an ornately decorated cartouche. Above the year, divided by diamonds. “VDAL · D · G · EP · CVR · D · IN · FVRST · ET · G · ENGST”. Rev. Bust of Saint Lucius, surrounded by a halo, facing right. In his left hand globus cruciger, in his right a scepter and a palm branch. “S · LVCI · M · EPISCOPVS · CVRIENSIS”. Plain edge. 3.46 g. Trachsel 235. Wunderly 2404. D.T. 862. HMZ 2-445 (LP). Fr. 214 (very rare). Of the highest rarity. Magnificent representative issue of the finest style. About Uncirculated. Starting price: 40,000 CHF. Lot 2045,  SINCONA Auction 108, The Lake View Collection – Part 1, 27 October 2026. NGC MS63 (8902366-013). Top Pop.

 

LUCERNE. 10 Ducats 1622, Lucerne.Crowned double-headed eagle surrounded by a halo with the small coat of arms of Lucerne on its chest. “MONETA + NOVA + LVCERNENSIS ¬”. Rev. Saint Leodegar standing from the front, in his left hand the crosier, in his right the drill. “*SANCTVUS*LEODIGARIVS*P*”. Plain edge. 33.59 g. Wielandt (Luzern) 61, note. (this specimen mentioned). Richter (Proben) 1-561 (LP). D.T. 1165, note. HMZ 2-634b, note. Fr. 291 (very rare). Of the highest rarity. Cabinet piece. Mint State. Starting price: 75,000 CHF. Lot 2048,  SINCONA Auction 108, The Lake View Collection – Part 1, 27 October 2026. NGC MS65 (8902367-001). Top Pop.

 

URI AND NIDWALDEN. Scudo d’oro del sole (sun crown) n.d. (1506—ca. 1529), Bellinzona. Shield with the coats of arms of Uri and Nidwalden, vertically divided. Above a crowned double-headed eagle beneath a radiant sun. “VRANIE : ET . . VNDERVALDI :”. Rev. Cross fleury, at the center a four-petaled rosette. “SALVE . CRUX . SANCTA . ET . BENEDICIA :” Plain edge. 3.39 g. Püntener 23c. HMZ 2-967a. Fr. 413 (very rare). Of the highest rarity. Exceptionally well struck. About uncirculated.Starting price: 40,000 CHF. Lot 2059,  SINCONA Auction 108, The Lake View Collection – Part 1, 27 October 2026. NGC MS62 (8902366-017). Top Pop.

 

ZURICH. 10 Ducats 1725, Zurich. Minted with the dies of the cityscape Taler.. Two lions with sword and palm branch hold a cartouche with the coat of arms of Zurich on a console, below the recessed face value 10 (for 10 Ducats) in an oval. “MONETA REIPUBLICAE TIGURINAE”. Rev. City view of Zurich from the south, as seen from the lake. On the horizon to the left “HIG” for mint master and engraver Hans Jakob I. Gessner. At the bottom, at the 6 o’clock position, the recessed year in a cartouche. “DOMINE CONSERVA NOS IN PACE”. Plain edge. Hürlimann -. Richter (Proben) 1-879 (LP). D.T. 423a, Anm. HMZ 2-1164qa. Fr. 481 (very rare). Of the highest rarity. Cabinet piece. About Mintstate. Starting price: 140,000 CHF. Lot 2066,  SINCONA Auction 108, The Lake View Collection – Part 1, 27 October 2026.

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