2 Scudi San Marino-Japanese Friendship

San Marino has issued commemorative gold since the 1970s, largely targeting collector markets rather than serving any domestic monetary function — the republic's tiny population and reliance on Italian currency made circulation coinage largely symbolic. The San Marino–Japan friendship series reflects a pattern of bilateral commemorative agreements common among small sovereign states seeking philatelic and numismatic revenue. Fr#107 places this squarely within Friedberg's documentation of San Marino gold, a series that attracts more topical collectors than specialists in the issuer itself.