12 Soldi - Ludovico II

Ludovico II ruled Saluzzo through a period of almost constant pressure from both the French crown and the Duchy of Savoy, a geopolitical squeeze that shaped every administrative decision in the marquisate — including monetary policy. The 12 soldi denomination placed this issue above the petty coinage flooding Piedmont at the time, suggesting it was intended for substantive commercial use rather than daily small transactions.

The Biaggi variety attribution hints at die differences not yet fully catalogued, which is typical of Saluzzo's output: a small mint, limited documentation, and enough surviving specimens to confirm variety groups but not always to sequence them with confidence.