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Seborga luigino

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Seborga luigino

Seborga luigino 1996
1 luigino

ISO 4217 code

SPL[1]

Official users

Flag of the Principality of Seborga Principality of Seborga

Years circulated
Pegged to

United States dollar[1]

Subunit

centesimo[2]

Symbol

see here

Coins

5, 10, 15 centesimi, ½, 1, 2, luigini[2]

Mint

Seborga Mint[3]

The Seborga luigino (code: SPL[1]; symbol: see here) is the local currency of the Principality of Seborga[4], a micronation located near the border of France and Italy, just above the Ligurian Sea.[5] Its first coins were struck from 1667 to 1671, but recently a new issue entered production from 1994 to 1996.[2] The luigino circulates alongside the euro in the self-proclaimed nation. Even though it is recognized by the regional bank, it has no value outside of Seborga.[4]

IntroductionEdit

SeborgaMap

The location of Seborga.

The city of Seborga is located near the France–Italy border in the Imperia Province of Italy. The municipality became in coexistence with the Principality of Seborga in 1963 by Giorgio Carbone (later Prince Giorgio I), who insisted that the city had been sovereign since 954, and a principality as of 1079. This independent principality was eventually claimed by the Republic of Genoa, and sold to the Kingdom of Piedmont-Sardinia on January 20, 1729. In 1815, the Congress of Vienna overlooked Seborga in its redistribution of European territories following the Napoleonic Wars, and it was unmentioned in the Act of Unification for the Kingdom of Italy in 1861.[5]

In 1181, the Republic of Genoa extended to take possession of the Lérins Islands, and took control of Seborga in the process. The Genoese continued to claim the city as its own until the 18th century.[5] During this time, the self-proclaimed sovereign state likely used Genoese coinage until 1666, when Seborga issued its own coinage. During the reign of the Piedmont-Sardinia, the kingdom's currencies were likely circulated in the city until the Italian unification in 1861, when the Italian lira was introduced. This currency continued to be issued in Italy until 2002, with the introduction of the euro. However, the Principality of Seborga reestablished its currency in 1994, and it currently circulates alongside the euro within the micronation.[4]

HistoryEdit

The Seborga Mint was founded on December 24, 1666 by Prince/Abbot Edward of Seborga.[3][6] It issued the principality's first coins, referred to as luigini, from 1667 to 1671.[2] These coins each had a value equal to ¼ of a French Louis.[6] Seborga's mint was reportedly closed in 1946 after the conclusion of World War II, but was reopened again in 1995 by Prince Giorgio I, and coin issuance recommenced in the principality. The currency currently circulates alongside the euro within Seborga.[3]

ValueEdit

The value of the luigino is pegged to the United States dollar at 1 SPL = US$6.00, which would make it the world's highest-valued currency unit if it were internationally considered an official currency. However, due to the rarity and metal content of the coins, they may hold a higher value to collectors.[4]

CoinsEdit

Seborga Coin

A 15 centesimo coin from 1996.

The first coin of Seborga, denominated at 1 luigino, was issued in 1667. New issues of the same denomination were later minted in 1668 and 1669.[2]

A number of pattern 1 luigino coins were struck in 1994, but no Seborgan coins were issued until 1995. During this year, cupronickel 5 and 15 centesimo, bimetallic ½ luigino, bronze 1 luigino, and silver luigino coins were introduced. The following year, brass 10 centesimo, cupronickel 15 centesimo, bronze 1 luigino, bimetallic 2 luigino, and silver 10 centesimo, 1 luigino, and 2 luigino coins were issued. No Seborgan coins have been struck since.[2]

Exchange ratesEdit

 v · d · e
Current SPL exchange rates
From Google Finance [1]: AUD CAD CHF EUR GBP HKD JPY USD
From Yahoo! Finance [2]: AUD CAD CHF EUR GBP HKD JPY USD
From OzForex [3]: AUD CAD CHF EUR GBP HKD JPY USD
From XE.com [4]: AUD CAD CHF EUR GBP HKD JPY USD
From OANDA.com [5]: AUD CAD CHF EUR GBP HKD JPY USD
Of the above, Xe.com is the only site that provides exchange rates for the luigino.


ReferencesEdit

1912 double eagle obv Currency Wiki has 3 images related to Seborga luigino.
 v · d · e
Simplified Seborga COA Seborga luigino
Coins 5 c10 c15 c½ l1 l2 l7½ l
Miscellaneous CentesimoFixed exchange rateSeborga MintUnited States dollar

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