5 Gazettae Denomination in Greek

The Septinsular Republic — formally the Ionian State — was the first instance of Greek self-governance in the modern era, established in 1800 under nominal Ottoman suzerainty with Russian and Ottoman protection following the expulsion of French forces from the Ionian Islands. This copper issue was among the first coins struck under that administration, making it an artifact of an exceptionally short-lived constitutional experiment that collapsed when Napoleon seized the islands in 1807.

The denomination itself reflects the old Venetian monetary tradition still embedded in local commerce — the gazetta having circulated through the islands during nearly four centuries of Venetian rule.