Foligno 1796 2-1/2 baiocchi

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from Steve Album sale 45, lot 1542

This specimen was lot 1542 in Stephen Album sale 45 (Santa Rosa, CA, January 2023), where it sold for $480. The catalog description[1] noted, "PAPAL STATES: Pius VI, 1775-1799, AE 2½ baiocchi, Foligno, 1796, a mint state example with much original red luster, PCGS graded MS62 BN, RR." This type is listed for 1796-97 only and was struck in Foligno. The French invasion of 1796 disrupted the delicate economic balance of the Papal States and destroyed the value of the paper currency which funded it. Hard money went into hiding and the pope was forced to issue a series of copper emergency money, including this type, which substituted for the silver mezzo grosso. Temporary branch mints were opened to produce more. Foligno produced a quattrino and half, one, 2½ and five baiocchi, most fairly common. After 1830, five quattrini = one baiocco; 100 baiocchi = one scudo. In 1866, the currency was reformed to use centesimi and lire in order to match that of the surrounding kingdom of Italy. In 1870, the Papal States were occupied and annexed by the kingdom of Italy and coinage ceased until 1929.

Recorded mintage: unknown.

Specification: 25.2 g, copper.

Catalog reference: KM unlisted, Ber-3099, Munt-327.

Source:

  • 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.
  • [1]Album, Stephen, Joseph Lang, Paul Montz, Michael Barry and Norman Douglas Nicol, Auction 45, Santa Rosa, CA: Stephen Album Rare Coins, Inc., 2022.

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