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1 Scudo - Margaret Paleologa and Guglielmo Gonzaga

Issuer March of Montferrat (Montferrat, Italian States)
Year 1563-1566
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Value 1 Scudo d`Oro (24)
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Reverse description Central device consisting of an elaborate foliated or floriated cross with ornate terminals to each arm, rendered in the decorative Renaissance style typical of northern Italian coinage of the mid-sixteenth century. The initials G and M appear in the four quarters formed by the cross arms, referencing the joint rulers Guglielmo and Margherita. A circular Latin legend encircles the entire design, incorporating the date 1565 and the devotional inscription invoking the Sign of the Cross against demonic forces, separated from the central device by a plain inner border.
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Margaret Paleologa was the last of her dynasty's line in Montferrat, and her marriage to Federico II Gonzaga in 1531 transferred the marquisate effectively into Gonzaga hands. When Federico died in 1540, Margaret ruled as regent for their son Guglielmo — a regency that shaped the territory's administration for years before Guglielmo came fully into his own. This joint issue, struck during the narrow window of Guglielmo's early rule, reflects the transitional authority still nominally shared between mother and son.

The Paleologa name carried enormous dynastic weight despite the family's dwindling territorial holdings, tracing descent from the Byzantine imperial house. Margaret died in 1566, which closes the upper date on this type precisely.

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