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Muraiola of 4 Baiocchi - Pius VI

Issuer Papal States
Year 1777-1794
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Diameter 24 mm
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Obverse description Central device consisting of the crossed Keys of Saint Peter tied with a decorative cord and bow, the traditional symbol of papal authority. The legend PIVS SEXTVS is distributed around the periphery of the field, flanking the central device on left and right. The date 1793 appears in the lower portion of the field, beneath the crossed keys. The coin is struck with a milled (reeded) border surrounding the entire design.
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Obverse lettering PIVS SEX TVS 1793
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Pius VI's reign was the longest of any pope in the eighteenth century, and the muraiola series reflects the chronic monetary dysfunction of the Papal States throughout that stretch. The billon coinage circulated alongside a bewildering tangle of copper, silver, and debased issues, with exchange rates between denominations subject to periodic papal edict rather than market logic. The baiocco system itself was notoriously resistant to reform — successive attempts to rationalize it in the 1770s and 1780s foundered on the competing interests of the Roman financial guilds and the Camera Apostolica.

Pius VI's pontificate ended in French captivity; he died in Valence in 1799, a prisoner of the Directory.

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