Papal States 1778 2 baiocchi

Stack's Bowers 2024 NYINC sale, lot 57376

This specimen was lot 57376 in Stack's Bowers NYINC sale (New York, January 2024), where it sold for $80. The catalog description^[1] noted, "ITALY. Papal (States of the Church). 2 Baiocchi, 1778. Rome Mint. Pius VI. PCGS AU-55." This type was struck 1777-78 and 1794-96. As the economy of he Papal States became more precariously balanced on the issue of paper money, the mint resorted to striking more billon coinage such as this two baiocchi. The French invasion of 1795 dislocated the economic system, causing the paper currency to collapse and hard money to go into hiding.

Recorded mintage: unknown.

Specification: billon.

Catalog reference: Ber-2985, KM-1220.

Source:

Berman, Allen G., Papal Coins, South Salem, NY: Attic Books, 1991.
Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
Francesco Muntoni, Le Monete del Papi e Degli Stati Pontifici, 4 vols. Rome: P & P Santamaria, 1973.
^[1]Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, January 2024 NYINC Auction, featuring the Emilio M Ortiz Collection and a Symphony of Russian Rarities, the Rothschild-Piatigorsky Collection, Costa Mesa, CA: Stack's Bowers Galleries, Inc., 2023.

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Papal States 1778 2 baiocchi

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