Yugoslavia's 1938 coinage program was among the last issued under Petar II before the Axis invasion of April 1941 rendered the kingdom defunct. Petar II was just eleven years old when he ascended the throne in 1934 following his father Aleksandar's assassination in Marseille, and the regency government that effectively ran the country oversaw this issue. The aluminium bronze formula used here was a deliberate cost-reduction from the earlier nickel coinage, driven by rearmament pressures across interwar Europe consuming strategic metals.
Yugoslavia's 1938 coinage program was among the last issued under Petar II before the Axis invasion of April 1941 rendered the kingdom defunct. Petar II was just eleven years old when he ascended the throne in 1934 following his father Aleksandar's assassination in Marseille, and the regency government that effectively ran the country oversaw this issue. The aluminium bronze formula used here was a deliberate cost-reduction from the earlier nickel coinage, driven by rearmament pressures across interwar Europe consuming strategic metals.