5 Zlotys March Constitution

Issued to mark the fourth anniversary of the March Constitution of 1921 — Poland's first democratic constitution following the restoration of independence after 123 years of partition — this coin was authorized under the government of Władysław Grabski, the same finance minister whose currency reform had only just stabilized the złoty after catastrophic post-war inflation. The timing was deliberate: Grabski needed the constitution to mean something in hard currency as well as on paper.

Less than a year after issue, Piłsudski's May Coup of 1926 effectively suspended the constitution's authority. Coins struck to honor it outlasted the document they commemorated.