Papal Mint - History of The Papal Mint

History of The Papal Mint

The popes, and also the Senate when it coined money, appear to have used the imperial mint of Rome, which was on the slope of the Campidoglio, not far from the Arch of Septimius Severus; but in the fifteenth century the mint was near the bank of Santo Spirito. Finally, in 1665, Alexander VII moved it to the rear of the apse of St. Peter's. Bernini invented for it a machine to do the work more rapidly, and Francesco Girardini furnished a very sensitive balance; so that the mint of Rome was technically the most perfect one of those times. In 1845 Pius IX equipped it with the most modern appliances.

The administration of the mint was at first entrusted to the Camerlengo of the Holy Roman Church; direct supervision, however, was exercised by the senate, from the time at least when that body took possession of the mint, until the reign of Pope Martin V. The sindaco and the conservators of the Camera Capitolina appointed the masters of the mint, while the minting was witnessed by the heads of the guild of goldsmiths and silversmiths. In 1322 John XXII created the office of treasurer for the mint of Avignon, and its incumbent, little by little, made himself independent of the Camerlengo. Later, the office of prelate president of the mint was created. According to Lunadori (Relaz. della Corte di Roma, 1646), the establishments for the coining of money were in charge of a congregation of Cardinals.

The Papal States joined the Latin Monetary Union in 1866.