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Franc à cheval, John II
The franc à cheval was ordered issued on December 5, 1360 to finance the ransom of King John II (born 1319; reigned, 1350–64), who had been taken prisoner by the English at the Battle of Poitiers in 1356, during the Hundred Years’ War. The ransom totaled a vast 3 million écus, and the fact that the coin was used to secure the release of the king gave rise to the name by which it was known: franc, meaning free. The value of the coin was set at one livre ...
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