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San Marino has adopted the Euro since 2002 as its currency, However, in a means to maintain its own cultural identity it continues to issue a gold commemorative coin in its former currency the scudo released with a value of 2 scudo.
The Republic has also issued commemorative euro coins in other denominations, such as the 2014 €5 coin dedicated to three-time Formula One World Champion Ayrton Senna in 2014, being 20 years from Senna's fatal crash at the San Marino Grand Prix. This coin was also complemented by a commemorative €2.50 stamp.
San Marino is an enclave completely within Italy.With little or no resources, the tiny nation has made income selling stamps and coins to tourists. From 1950 through the adoption of the euro in 1999 (by law, 2002 de facto), legal tender coins with dozens of ever changing designs have been produced in abundance by the Italian mint in Rome.
Italian lira notes and coins were legal tender in San Marino (and vice versa). Specific Sammarinese coins were minted in Rome, and were legal tender in Italy, as well as the Vatican City. San Marino switched to the euro along with Italy and the Vatican City. As with old Sammarinese lira coins, the country has its own set of euro coins.
On the left are the three emblematic feathers of the Republic of San Marino. On the right the mint mark and year mark are shown. On the top is the legend CREATIVITÀ INNOVAZIONE. At the bottom are the inscription SAN MARINO and the initials of the artist A.M.. The twelve stars of the European Union surround the design on the outer ring of the coin.
The 10c coins and above show either the 15 countries that were the European Union in 2002, or, if minted after 2007, the whole European continent. [12] Coins from Italy, San Marino, the Vatican, Austria and Portugal show the new design if minted 2008 or later. [12] The coins symbolise the unity of the EU. [17]
Although it is allowed to print its own postal stamps, San Marino is not allowed to coin its own currency and is obliged to use Italy's mint; the agreement does not affect the right of the Republic of San Marino to continue to issue gold coins denominated in Scudi [63] (the legal value of 1 gold Scudo is 37.50 euros). Gambling is legal and ...
The 50 euro cent coin (€0.50) has a value of half a euro and is composed of an alloy called nordic gold. All euro coins have a common reverse side and country-specific national sides. The coin has been used since 2002, with the present common-side design dating from 2007.