Bezant

Bezant is a medieval term for a gold coin. Medievally originally it meant the gold coins produced by the government of the Byzantine Empire. The word was derived from the Greek Byzantion. Later in the medieval era among the Latins the scope of the word was expanded to gold coins produced by Arabic governments.

Gold coins were rarely minted in early medieval Western Europe, up until the later 13th century; silver and bronze were the metals of choice for money. Gold coins were almost continually produced by the Byzantines and medieval Arabs. These circulated in Western European trade in smallish numbers, originating from the coinage mints of the Eastern Mediterranean. In Western Europe, the gold coins of Byzantine currency were highly prized. These gold coins were commonly called bezants. The first "bezants" were the Byzantine solidi coins; later the name was applied to the hyperpyra, which replaced the solidi in Constantinople in the late 11th century. The name hyperpyron was used by the late medieval Greeks, while the name bezant was used by the late medieval Latin merchants for the same coin. The Italians also used the name perpero or pipero for the same coin (an abridgement of the name hyperpyron).

Medievally from the 12th century onward (if not earlier), the Western European term bezant also meant the gold dinar coins minted by Islamic governments. The Islamic coins were originally modelled on the Byzantine solidus during the early years after the onset of Islam. The term bezant was used in the late medieval Republic of Venice to refer to the Egyptian gold dinar. Marco Polo used the term bezant in the account of his travels to East Asia when describing the currencies of the Yuan Empire around the year 1300. His descriptions were based on the conversion of 1 bezant = 20 groats = 133⅓ tornesel. An Italian merchant's handbook dated about 1340, Pratica della mercatura by Pegolotti, used the term bisant for coins of North Africa (including Tunis and Tripoli), Cyprus, Armenia and Tabriz (in today's northwestern Iran), whereas it used the term perpero | pipero for the Byzantine bizant.

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