20 Euro - San Marino and Italy Relations - San Marino - 2023 – AU BU

20 euro Gold coin dedicated to the relations between Italy and San Marino, BU.

The reverse of the coin shows a female halter on the left, representing the Republic of San Marino, with a helmet on the head, while on the right a female half-strap symbolizes the Italian Republic, with a turreted crown on the head. The two women raise an olive branch in the middle. First bullion coins issued from San Marino 1/4 oz gold.


Directive 98/80 EC Council 12 October 1998 – gold coins exempt from VAT in the EU States.