San Marino Euro Coins
The Republic of San Marino was granted the right to mint euro coins by virtue of
their long-standing monetary agreements with the Italian government. Sammarinese euro coins feature separate
designs for every coin. All the coins are inscribed with the words "San Marino" and the twelve stars of the EU.
Please take a look at The San Marino National Mint.
The San Marino 2 euro coin edge inscription
|The sequence "2 *" repeated six times alternately upright and inverted|
Mintmarks on San Marino euro coins
|The letter 'R', for Rome
||The designer's initials CH (Frantisek Chochola)
||The engraver's initials ELF (Ettore Lorenzo Frapiccini)
INC is the Italian abbreviation for 'engraver'
New monetary agreement (2012)
According to the new monetary agreement with the European Union:
- The annual ceiling for the issuance of euro coins by the Republic of San Marino shall be calculated by the Joint Committee
as the sum of ...
- a fixed part, whose initial amount for the first year following the entry into force of the new Agreement is set at
EUR 2.600.000. The Joint Committee may revise annually the fixed part with a view to taking into account both inflation —
on the basis of the HICP inflation of Italy in the last 12 months for which the data are available at the moment of the
calculation — and the possible significant trends affecting the euro coins collector market
- a variable part, corresponding to the average per capita coin issuance of the Italian Republic in the last 12 months
for which the data are available multiplied by the number of inhabitants of San Marino
- At least 70% of euro coins intended for circulation shall be put into circulation at face value as of the year follwing the
entry into force of the new Agreement. This proportion shall reach 80 % after three years
San Marino has been minting euro coins since it started circulating back on the 1st of
January of 2002. The actual coins were designed by the artist Frantisek Chochola and they
represent the history and monuments of this small republic. Changing the coins meant for
circulation is restricted by the European Union by the (EU) Regulations No 729/2014 which
In order to facilitate the recognition of circulation coins, and to ensure
appropriate continuity in the minting, Member States should only be allowed to modify the
designs used for the national sides of regular circulation coins once every 15 years, except
if the Head of State referred to on a coin changes.
The new design of the coins was created by Arno Ludwig, and the themes represent artwork
and monuments of the Republic of San Marino.
The 2 euro coin depicts a Portrait of San Marino
based on a painting by G.B. Urbinelli. The 1 euro coin shows the second tower of San Marino,
called "La cesta" (The basket). The 50 cents coin again depicts a portrait of San Marino
based on a drawing by E. Retrosi. The 20 euro cent shows the three towers of San Marino
("La cesta", "La Rocca" and "La Montale"). The 10 euro cent depicts the facade of the Church
and Convent of San Francisco. The 5 euro cent shows the Church of the Capuchin Friars. The
2 euro cent shows the San Francisco Gate and finally the 1 euro cent shows the Coat of Arms
of the Republic of San Marino.