1 Cavallotto

Genoa's billon coinage of the mid-to-late seventeenth century was produced under persistent pressure from Spanish commercial dominance in the western Mediterranean, with the republic's mint output calibrated carefully to avoid undercutting the interests of its powerful Genoese banking families — many of whom financed the Spanish crown directly. The cavallotto denomination itself had roots stretching back to the Visconti-era Milanese monetary system, a name carried forward long after its original issuing authority had dissolved.

KM#132 is among the more obscure minor issues from this period of the republic, and authentic examples show the characteristic flat, uneven surfaces common to billon struck on poorly refined planchets from this mint.