Issued for the Holy Year of 1933, which Pius XI declared an extraordinary jubilee marking the 1,900th anniversary of the Crucifixion — a year early by the standard 25-year cycle, and the first jubilee since 1925. The Vatican's jubilee coinage that year was struck in nickel rather than silver, a consequence of the economic austerity following the Great Depression that had forced adjustments across European minting programs.
Issued for the Holy Year of 1933, which Pius XI declared an extraordinary jubilee marking the 1,900th anniversary of the Crucifixion — a year early by the standard 25-year cycle, and the first jubilee since 1925. The Vatican's jubilee coinage that year was struck in nickel rather than silver, a consequence of the economic austerity following the Great Depression that had forced adjustments across European minting programs.