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| Issuer | State Mint (Monetăria Statului), Romania |
|---|---|
| Year | 1940-1941 |
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| Reference(s) | KM#59 |
| Obverse description | Bare-headed effigy of King Mihai I facing left, rendered in high relief with fine detail to the hair and facial features. The circular legend reads MIHAI I REGELE ROMANILOR around the upper periphery, translating as 'Mihai I, King of the Romanians.' The engraver's signature H. IONESCU appears in small capitals at the base of the neck truncation along the lower field. |
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| Reverse script | Latin |
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| Additional information |
Romania entered World War II alongside the Axis in June 1941, but these coins were already in production under a government that had lurched through three heads of state in under a year. King Mihai I was restored to the throne in September 1940 after his father Carol II abdicated under pressure from the Iron Guard and Nazi Germany — making this a denomination struck at the precise hinge point of that political collapse. The National Legionary State under Horia Sima was nominally co-governing with Ion Antonescu when the 1940 pieces left the dies.
The .835 fineness was carried over from earlier interwar silver issues and would not survive the war's economic pressures much longer.