Papal States(SAN SEVERINO) Emergency 5 Baiocchi 1797 XF Madonna Rare!

Description

Papal States(SAN SEVERINO) Emergency 5 Baiocchi 1797 Madonna
The obverse is bold with near-full legends and sharp portrait. The central reverse is sharp, but the surrounding legend is softly struck, including the date.
Very rare type in high grade.
XF , KM-6.
The French invasion of 1796 disrupted the delicate economic balance of the Papal States and destroyed the value of the paper currency which funded it. Hard money went into hiding and the pope was forced to issue a series of copper emergency money, including this type
.
Temporary branch mints were opened to produce more.
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