Monaco is a sovereign city-state located on the French Riviera with a long and storied history. The House of Grimaldi, a family originally from Genoa, Italy, has ruled Monaco since 1297. The Grimaldi family initially captured the fortress (the Rock of Monaco) in a strategic move to secure the area. with its formation as a sovereign principality dating back to the 13th century. The principality was officially recognized in 1419 when the Grimaldis purchased Monaco from the Republic of Genoa.
The principality has a robust banking sector and is considered a tax haven due to its favorable tax laws, attracting wealthy individuals and businesses.
Monaco's rich history and status as a hub for luxury and finance are reflected in its diverse range of collectible coins. The absence of personal income tax has attracted wealthy residents from around the world, contributing to the country's wealth.
Various historic gold coins from different periods of Monaco's history, featuring different rulers and designs, are of interest to collectors and historians. Monaco occasionally releases special edition coins commemorating significant events, anniversaries, or members of the ruling family. These often have unique designs and limited mintages, making them attractive to collectors.
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