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5 Scudi Democracy

Issuer San Marino
Year 1977
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Orientation Coin alignment ↑↓
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Obverse description The three towers of San Marino, each surmounted by a feather finial, occupy the upper field in a stylized heraldic arrangement. The denomination '5 SCUDI' and the date '1977' appear in the lower field beneath the towers. The encircling legend reads 'REPVBBLICA DI SAN MARINO' in Latin characters. The design is rendered in a clean, modern engraving style characteristic of San Marino's commemorative issues of the period.
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Reverse description A bold, modernist allegorical bust of Democracy faces left, rendered in high sculptural relief with an expressionistic style. The figure is depicted with short, naturalistic hair and strong facial features, conveying a sense of dignity and civic virtue. The legend 'DEMOCRAZIA' curves along the lower portion of the field in large, prominent Latin characters, integrated into the composition. A partially visible engraver's signature appears in the left field near the bust. The overall design reflects the contemporary artistic idiom employed in San Marino's commemorative gold coinage of the 1970s.
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Additional information

San Marino issued this coin as part of a sustained annual gold program launched in the mid-1970s, each year tied to a specific social or political theme — a deliberate effort to generate collector revenue while the republic was navigating a politically unusual period. Between 1978 and 1992, the government was led by a coalition that included the Communist Party, one of the very few instances of communist participation in a Western European executive. The 1977 "Democracy" theme lands one year before that coalition took power.

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