Matelica 1797 5 baiocchi

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from the Tom Fitzgerald Collection
Papal States 1797Mat 5 baiocchi rev Tom F.jpg

This type is listed for 1797 only and was struck in Matelica. 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 grosso. Temporary branch mints were opened to produce more. Matelica produced a quattrino and half, 2½ and five baiocchi, all very scarce. 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 but very scarce.

Specification: 40 g, copper (50.3 g per the SCWC).

Catalog reference: KM 4, Ber-3116.

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.

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