Ancona (1798)-AP 2 baiocchi
The first specimen was lot 34373 in Heritage sale 3082 (New York, January 2020), where it sold for $630. The catalog description[1] noted, "Italy: Roman Republic. Ancona 2 Baiocchi ND (1798)-AP MS65 Red and Brown NGC, Ancona mint. A specimen which appears very close to how it was when it left the mint, some edge cracking noted, but rather minimal for an almost universally poorly made type." The second specimen was lot 1688 in SINCONA Auction 97 (Zürich, May 2025), where it did not sell. The catalog description[2] noted,
"ITALIEN Rom, Repubblica Romana, 1798-1799. 2 Baiocchi o. J. (1799), Ancona. Selten in dieser Erhaltung. Vorzüglich-FDC. Prachtexemplar. (Italy, Roman Republic, 1798-99, undated double baiocchi, Ancona mint. Rare in this condition, About Uncirculated, Cabinet piece.)"
The Roman Republic was formed to welcome the advancing French armies in 1798 and the pope fled to Venice and Austrian protection. When Napoleon left Italy for Paris, the puppet republics all collapsed and the pope returned to Rome, to rule until 1808. This type was struck in Ancona. The French invasion dislocated the economic system, causing the paper currency to collapse and hard money to go into hiding. The shortlived Roman Republic was forced to issue one and two baiocchi pieces as emergency money. These vary widely in weight and diameter. Temporary branch mints operated 1798-99 to cope with the demand.
Recorded mintage: unknown.
Specification: copper, 11-22 g, 25-36 mm diameter, the second specimen 13.29 g.
Catalog reference: KM 6, Montenegro-06, Ber-3166.
- Berman, Allen G., Papal Coins, South Salem, NY: Attic Books, 1991.
- Francesco Muntoni, Le Monete del Papi e Degli Stati Pontifici, 4 vols. Rome: P & P Santamaria, 1973.
- Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
- Gigante, Fabio, Gigante 2016: Catalogo Nazionale delle Monete Italiano Dal '700 All'Euro, 24a ed. Varese, Italy, 2015.
- Montenegro, Eupremio, Montenegro 2015: Manuale del Collezionista di Monete Italiane, 30 ed., Torino, Italy: Montenegro s.a.s., 2014.
- [1]Bierrenbach, Cristiano, Warren Tucker and Sam Spiegel, Heritage World and Ancient Coins Online Auction 3082, featuring the Caranett Collection, Dallas, TX: Heritage Auction Galleries, 2019.
- [2]Richter, Jurg, SINCONA Auction 97: World and Swiss Coins and Medals, SINCONA Bullion Auction, Zürich: SINCONA AG, 2025.
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