Soldo Público Deposited
Probably derived from Solidus (q.v.). The name of a silver coin which circulated extensively during the thirteenth century and later in upper and middle Italy, especially in Venice, Milan, Parma, and Lucca. Its value varied, five to eight Soldi being the equivalent of a Grosso (q.v.), and its fineness gradually declined and later the name was given to issues in copper.
On the establishment of the French monetary system in Italy under Bonaparte, the value of the copper Soldo was established at one twentieth of a Lira or five Centesimi, and at this value it was current in Austrian-Lombardy, Lucca, etc. The Italian five Centesimi piece of today still retains the name of Soldo.
There are multiples of from two to one hundred and sixty Soldi in silver and gold for Venice, Mantua, and Modena, an odd value of one hundred and three Soldi being peculiar to the latter province. The Soldo of Ragusa was a copper coin introduced in 1680, with a value of five Follari, or in the Venetian system of five Bagattini. It was abolished in 1797. See Caixa.
- Frey's Dictionary (American Journal of Numismatics, Vol. 50, 1916)