1 Quattrino - Benedict XIV St. Ubaldo

Benedict XIV authorized a series of local copper issues for the smaller communes of the Papal States during the 1740s, a practical concession to the chronic shortage of petty coinage that plagued central Italian markets throughout the period. Gubbio, a hilltown in Umbria under direct papal administration, issued under its own civic identity while remaining subordinate to Rome for monetary authority.

Ubaldo Baldassini, bishop of Gubbio in the twelfth century and canonized in 1192, was the city's fierce protector during the Barbarossa campaigns — his intervention credited locally with sparing Gubbio from imperial sack.