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Muraiola of 8 Baiocchi - Clement XI

Issuer Papal States - Ferrara Mint
Year 1717
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Value 8 Baiocchi (0.08)
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Obverse lettering CLEMENS XI PONT MAX 1717
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Reverse script Latin
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Additional information

Clement XI's reign was consumed by the Jansenist controversy and the catastrophic aftermath of the War of Spanish Succession, which left the Papal States financially exhausted. The Ferrara mint, operating under direct papal control since the city's forced incorporation into the Papal States in 1598, produced billon coinage like this muraiola precisely because the treasury lacked the silver reserves to maintain purer alloy standards. The baiocchi denominations of this period were workhorses of local commerce, circulating heavily in the Po valley markets where Ferrara functioned as a regional economic hub.

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