The term European Gold Coin can refer to two different coins, the ducat and the FLORIN. The ducat is a gold coin that was first minted in the 14th century and was used as a trade currency throughout Europe until the early 20th century. It was also used as a form of payment for taxes and other fees. The FLORIN is a gold coin that was first minted in Florence, Italy in 1252 and was used as a trade currency throughout Europe until the early 20th century. Both coins were widely accepted and used in many countries across Europe.