10 Euros - Albert II Hercules archery

Monaco's Hercules archery issues form part of a long-running series tied to the principality's official coat of arms, which has featured the Grimaldi device alongside the Herculean figures since the medieval period. Albert II, who acceded in 2005 following the death of Rainier III, has continued the tradition of personally authorizing commemorative silver issues — a practice the principality maintains partly as a revenue mechanism, given Monaco's restricted circulation coinage output and its collector-driven mint program.

The .900 fine standard rather than the more common .925 reflects French monetary tradition, a legacy of Monaco's historical ties to the Latin Monetary Union.