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50 Centimes - Louis II

Issuer Crédit Foncier de Monaco
Year 1924
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In circulation to 1926
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Obverse script Latin
Obverse lettering HERCUL·MONOEC· DEO JVVANTE EM LINDAUER 1924
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Additional information

The Crédit Foncier de Monaco was established specifically to issue token coinage for the Principality during a period when Monaco lacked the facilities and political framework to produce its own state currency. These cupro-aluminium pieces of 1924 were emergency tokens rather than sovereign issues — a private credit institution filling a monetary gap that the Grimaldi administration could not immediately address through official channels.

The alloy choice was purely pragmatic given postwar metal shortages across Europe.

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