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200 Euros - Franciscus Archangels: Michael

Issuer Vatican City State
Year 2019
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Currency Euro (2002-date)
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Obverse description The obverse displays the papal coat of arms of Pope Francis, rendered in fine detail at center. The legend FRANCISVS PP. identifies the issuing pontiff, accompanied by ANNO DOMINI MMXIX denoting the year of issue. The inscription MISERANDO ATQUE ELIGENDO, the papal motto of Pope Francis, also appears in the legend. The engravers' names M. CRISCIOTTI and COLANERI INC. are noted, along with S.P. VII indicating the seventh year of his pontificate. The field is finished to proof standard with a decorative border surrounding the design.
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Reverse script Latin
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Issued under Pope Francis as part of the Vatican's annual gold proof program, this piece belongs to a short archangel series that ran across multiple years. The Vatican's right to issue coinage — governed by a monetary convention with the European Union — limits annual mintages tightly, typically to a few hundred pieces for high-denomination gold. That ceiling, combined with collector absorption of virtually the entire mintage at issue, means surviving examples almost never pass through secondary markets with any signs of handling.

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