This coin commemorates the first anniversary of the Slovak Republic proclaimed on March 14, 1939 — a client state under Nazi German patronage carved from the wreckage of Czechoslovakia following the Munich Agreement. The issue was struck in 1944, by which point the regime of Jozef Tiso was increasingly untenable; the Slovak National Uprising would break out in August of that year. The .700 fine silver alloy, rather than the higher fineness used in earlier Slovak commemoratives, reflects wartime metal constraints tightening across Axis-aligned economies.
This coin commemorates the first anniversary of the Slovak Republic proclaimed on March 14, 1939 — a client state under Nazi German patronage carved from the wreckage of Czechoslovakia following the Munich Agreement. The issue was struck in 1944, by which point the regime of Jozef Tiso was increasingly untenable; the Slovak National Uprising would break out in August of that year. The .700 fine silver alloy, rather than the higher fineness used in earlier Slovak commemoratives, reflects wartime metal constraints tightening across Axis-aligned economies.