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1 Cavallo - Louis I

Issuer Monaco
Year 1673-1693
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Technique Milled
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Obverse description Crowned shield of arms of Monaco, displaying the distinctive Grimaldi fusilly pattern of lozenges in the field. The princely crown surmounts the escutcheon. A circular Latin legend surrounds the central device, reading LVD I D G PRIN MONOECI &C, identifying Louis I by name and title as Prince of Monaco by the grace of God.
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Obverse lettering LVD I D G PRIN MONOECI &C
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Louis I ruled Monaco under French protection following the treaties of 1641, which ended a century of Spanish suzerainty over the principality. The cavallo — a denomination inherited from Italian monetary tradition — was the smallest circulating unit, produced in billon precisely because the metal shortage affecting much of southern France and northern Italy made pure copper issues impractical for a mint of Monaco's limited output. Twenty years is a long production window for a coin this small; survivors in any condition are genuinely scarce, as heavy circulation and billon's susceptibility to corrosion conspired against them.

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