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10 Euros Euro Coins and Banknotes

Issuer San Marino
Year 2011
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Orientation Medal alignment ↑↑
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Reverse description The reverse features an overlapping arrangement of several euro coins, prominently including the San Marino national obverse design, arranged dynamically across the field. The face value 10 EURO and the issue year 2011 are inscribed in the field, accompanied by the anniversary dates 2002-2012 and the commemorative legend X ANNIVERSARIO EURO denoting the tenth anniversary of euro coinage. The mintmark R for the Rome Mint and the engraver's name COLANERI appear in the lower portion of the field.
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Edge Segmented reeding
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Additional information

San Marino's annual silver commemorative program operates under a coinage agreement with the European Union that permits the microstate to issue euro-denominated collector coins despite having no independent central bank. The 2011 output came during a particularly active period for the series, when San Marino was issuing multiple commemorative types per year under that arrangement.

KM#503 is one of the harder dates to source in quantity — not because mintages were catastrophically low, but because San Marino's collector issues were distributed primarily through the Istituto Poligrafico e Zecca dello Stato in Rome, and secondary market dispersal was uneven.

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