San Marino. Second Year of Popular Peregrine Series Silver Bullion Coin Released

The Philatelic and Numismatics Division of San Marino release 2025-dated Peregrine bullion coins.

by Michael Alexander | Published on January 28, 2025

The popular one-ounce silver coins from the smallest Republic in Europe have successfully launched a bullion-related product that sold out in a matter of weeks from their initial release. San Marino is the third smallest country in Europe after Vatican City and Monaco, but they have an impressive catalogue of collector and circulation coins since their first modern national coinage was produced and released in 1864. Sammarinese coinage was produced in denominations and specifications which were the same as Italian coinage and denominated as the Sammarinese Lire and both currencies were interchangeable at an equal value. With the entry of Italy into the Euro-zone from 2002, coins of San Marino were also denominated in Euro although the country is not a member-state of the Euro-zone.

The subject of the Peregrine falcon of this new annual series was chosen as these raptors are native to San Marino and make their nests in niches in the cliffs near San Marion’s First Tower on the summit of Mount Titano. 

The silver coins are produced by the Austrian Mint at their facilities in Vienna on behalf of the State Treasury - Banca Centrale della Repubblica di San Marino. The obverse side of the coin is created by Helmut Andexlinger, senior engraver at the Austrian Mint. The design depicts a Peregrine falcon perched on a branch, looking over its shoulder. The inscription PEREGRINE FALCON is shown along the upper left rim with the additional text SAN MARINO and the year 2025 placed along the top and right rim. The coins’ specifications and denomination 1 OZ · Ag 999 · 5 EURO are shown along the lower left rim. The reverse side depicts the image of the official coat of arms of the Republic of San Marino designed by Antonella Napolione. The crest which illustrates three towers topped with feathers on a mountain within a crowned shield is believed to have been first used in the fourteenth century and is featured on the national flag. The text REPUBBLICA DI SAN MARINO encircles the crest.

Denomination Metal Weight Diameter Quality Mintage Limit 
5 Euro.999 Silver 31.1 g. 37 mm.  Bullion 20,000 

Available from the 23rd January, each coin is encapsulated and accompanied with a certificate of authenticity. A collector case is also available for this coin which can be purchased separately. For additional information on this and other numismatic releases offered by the Philatelic and Numismatics Division of San Marino, please visit their e-webshop. A gold version of this coin is expected later in the year with a weight of 1/10th ounce.

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Author: Michael Alexander

Michael Alexander image Michael’s background in both numismatics and banknotes spans more than three decades and whose activities have varied from being a dedicated world coin collector to coin & medal design, marketing, theme concept and production. His additional interests include banknote research and in 1997, he founded the London Banknote and Monetary Research Centre to further these interests and activities. The company continues to offer monthly currency bulletins to both online and printed publications which includes information about the latest banknote news and releases from Central Banks and Monetary Authorities around the world. Michael has been a contributor to COIN NEWS magazine based in the UK since 1998 where many of his in-depth interviews, articles and bulletins have been published.

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