1 Follaro Type 2

Ragusa — modern Dubrovnik — maintained formal independence from Venice after 1358 by shifting its allegiance to the Hungarian-Croatian crown, a calculated pivot that bought the city-state centuries of commercial autonomy. The follaro served the lowest tier of daily market transactions during a period when Ragusan merchants were aggressively expanding overland trade routes into the Serbian silver-mining interior, particularly around Novo Brdo. Small copper coinage was chronically short across the Adriatic in the mid-fifteenth century, making even these minor pieces functionally indispensable.