2 Scudi Peace

San Marino's gold scudi series of the 1970s was issued under an agreement with Italy that permitted the republic to mint commemorative gold for sale to collectors — a revenue arrangement that suited both parties, since Italian law at the time restricted private gold ownership in ways that didn't apply to San Marino issues sold abroad. The 1979 "Peace" issue appeared the same year the republic revised its constitutional framework following elections that brought the Communist-Socialist coalition back to power, one of the few governments in Western Europe where Communists held executive office during the Cold War.