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50 Liri First Maltese Coin
| Issuer | Central Bank of Malta |
|---|---|
| Year | 1974 |
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| Currency | Lira (1972-2007) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Reverse description | The central device depicts a faithful representation of the first known Maltese coin, a Punic bronze piece of the 3rd–2nd century BC, shown within an open wreath of laurel branches. The ancient coin image features a stylised figure and Punic script legend within a dotted border, faithfully rendered in high relief. Below the wreath, the date 1974 and the denomination LM 50 are inscribed in the field. |
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| Additional information |
Malta gained independence from Britain in 1964, but the Central Bank of Malta wasn't established until 1968, and the country didn't issue its own gold coinage until this 1974 piece — a full decade after sovereignty. The delay reflected genuine uncertainty about whether Malta's economy could sustain an independent monetary system, a question that shadowed the Mintoff government's early years.
KM#28 was struck at the Royal Mint under contract, a quiet irony given the political friction between Mintoff and the British government throughout this period.