San Marino 2 Euro Coins Value Guide [2026]

San Marino is one of the smallest countries in the world but produces some of the most collectible euro coins. With a population of just 33,000, mintages are limited and every coin is sought after by collectors.

This guide covers all San Marino 2 euro coins from 2002 to 2025, including regular issues and commemoratives, with current market values.

🏔️ San Marino: The World's Oldest Republic

Founded in 301 AD, San Marino has issued euro coins since 2002. Regular 2€ coins are worth €5-15, while commemoratives range from €25 to €300+. Early issues (2004-2008) command the highest premiums.

Why San Marino Coins Are Valuable

San Marino coins command premiums for several reasons:

  • Limited mintages - Typically 60,000-130,000 for commemoratives
  • Collector demand - Strong European collector base
  • Historical significance - World's oldest republic
  • Beautiful designs - High-quality artistic representations

Regular 2 Euro Coins

San Marino has issued two regular 2 euro designs:

Government Palace (2002-2016)

The first design shows the Palazzo Pubblico (Government Palace) in the capital city. This building houses the Grand and General Council.

Value: €5-15 depending on year and condition

Mintage: Varies by year (180,000 - 1,000,000)

St. Marinus Portrait (2017-present)

The current design features a portrait of Saint Marinus, the legendary founder of San Marino in 301 AD.

Value: €4-8

Mintage: 500,000+ per year

Commemorative 2 Euro Coins

Most Valuable San Marino Commemoratives

2004 - Bartolomeo Borghesi

First San Marino commemorative, honoring the famous numismatist and epigraphist.

Value: €200-300

Mintage: 110,000

2005 - World Year of Physics

Galileo's portrait, commemorating the World Year of Physics (Einstein centenary).

Value: €150-250

Mintage: 130,000

2006 - Christopher Columbus

500th anniversary of the death of Christopher Columbus.

Value: €100-180

Mintage: 120,000

2007 - Giuseppe Garibaldi

200th anniversary of the birth of Giuseppe Garibaldi.

Value: €80-130

Mintage: 130,000

Complete Price Table

YearThemeMintageValue (UNC)
2004Bartolomeo Borghesi110,000€200-300
2005World Year of Physics130,000€150-250
2006Christopher Columbus120,000€100-180
2007Giuseppe Garibaldi130,000€80-130
2008Intercultural Dialogue130,000€60-100
2009Creativity & Innovation130,000€50-80
2010Sandro Botticelli130,000€40-70
2011Giorgio Vasari130,000€35-60
201210 Years of Euro Cash130,000€30-50
2013Pinturicchio110,000€30-50
2014Bramante100,000€30-50
2015Dante Alighieri85,400€30-45
2016Shakespeare85,000€25-40
2017Giotto70,000€25-40
2018Tintoretto60,500€25-40
2019Leonardo da Vinci54,000€30-50
2020Raffaello54,000€25-40
2021Albrecht Dürer54,000€25-40
2022Canova56,000€25-40
2023Perugino56,000€25-35
2024Modigliani56,000€25-35
💡 Collector's Tip: San Marino commemoratives from 2004-2008 have appreciated significantly. The 2004 Borghesi coin has increased from €50 to over €200 in a decade. Focus on early issues with lower mintages.

Where to Buy San Marino Coins

Authentic San Marino 2 euro coins can be purchased from:

  • UFN San Marino - Official numismatic office (direct from source)
  • European dealers - Reputable coin shops
  • Auction houses - For rare pieces
  • eBay - Check seller ratings carefully

Frequently Asked Questions

Are San Marino 2 euro coins legal tender?

Yes, San Marino has a monetary agreement with the EU. Its euro coins are legal tender throughout the eurozone, though most are collected rather than spent.

How can I tell if my San Marino coin is authentic?

Check the edge inscription, weight (8.5g), and diameter (25.75mm). Authentic coins have sharp details and correct milling on the edge. Buy from reputable dealers to avoid counterfeits.

Why are 2004-2006 coins so expensive?

Early commemoratives had lower mintages and strong initial demand. Many were put directly into collections, so circulated examples are rare. These were also before the euro coin market matured.

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