History of the Republic of Venice were little compensation. This was the last war of the Republic with Turkey. The decline of Venice in the 18th century was also due not only to Genoa, Venice's old rival, but also to Livorno, a new port on the Tyrrhenian Sea created by the grand dukes of Tuscany and chosen as staging-post for British trade in the Mediterranean. Still more injurious were the Papal town of Ancona and Habsburg Trieste, a free port since 1719, in the Adriatic Sea, which no longer constituted a "Venetian Gulf". An eminent Venetian politician of the time declared, "Apart from the residue which
Coinage of the Republic of Venice Coinage of the Republic of Venice The Coinage of the Republic of Venice include the coins produced by the Republic of Venice from the late 12th century to 1866. After this date, coins were produced in Venice by the mint. Although there is no information about coinage in what was the Duchy of Venice (a semi-independent entity within the Byzantine Empire from which the Republic of Venice originated), ancient historians such as Andrea Dandolo and Marin Sanudo mention that the privilege of coinage was given to Venice by the kings of Italy Rudolph II (in 921) and Berengar II (in