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1/2 Scudo d'Oro - Clement XI

Issuer Papal States
Year 1706
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Currency Scudo (1534-1835)
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Obverse description Central field occupied by the papal coat of arms of Clement XI (Giovanni Francesco Albani), depicted as a shield charged with a star above a horizontal band and an anchor below, surmounted by the papal tiara and flanked by two crossed keys of Saint Peter tied with a cord. The heraldic achievement is rendered in high relief against a granulated field. The abbreviated Latin legend CLEM XI P M (Clemens XI Pontifex Maximus) is distributed around the shield in the field, with the reeded border encircling the entire design.
Obverse script Latin
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Clement XI's pontificate was consumed almost entirely by the War of the Spanish Succession, and 1706 was among its most punishing years for the Papal States — Imperial forces under Eugene of Savoy were reshaping northern Italy by force, and Rome found itself diplomatically cornered between Bourbon and Habsburg claims. Clement had recognized Philip V of Spain in 1700, a decision he spent the following decade trying to walk back without fully committing to either side.

KM#686 is among the scarcer denominations of his lengthy reign, the half-scudo seeing limited production compared to the full scudo issues.

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