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1 Bolognino - Ludovico Migliorati
| Issuer | Fermo, City of |
|---|---|
| Year | 1425-1428 |
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| Currency | Grosso Agontano |
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|---|---|
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| Obverse lettering | ✶ VB · FIRMAN A (Translation: City of Fermo) |
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| Mintage | ND (1425-1428) |
| Additional information |
Ludovico Migliorati held Fermo as a papal vicar, inheriting the city through his uncle Cosimo — himself Pope Innocent VII — whose nepotism had secured the Migliorati grip on the Marche. When Cosimo died in 1406, Ludovico spent years navigating the fractious politics of central Italy, periodically losing and recovering Fermo amid the broader chaos of the Western Schism. His coinage window of 1425–1428 falls near the end of his signoria, which collapsed entirely under Sforza military pressure shortly after.