50 Pennia

Finland's copper-nickel coinage of the interwar period was produced under genuinely unstable conditions. The country had only established its independent monetary authority after 1917, and the 50 pennia denomination saw its alloy composition revised repeatedly in the early 1920s as the young republic stabilized its fiscal footing. Production of this type ran continuously until 1940, when the Winter War with the Soviet Union — already concluded by March of that year — had badly disrupted normal economic life and military expenditure had consumed reserves that would otherwise fund routine mint operations.