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The Republic of San Marino is an enclave entirely surrounded by Italy and is considered one of the oldest states in the world. Although not a member of the EU, San Marino issues its own euro coins in small mintages under a monetary agreement; these are highly sought after by collectors. Its capital is the city of San Marino.
| R | Mint mark of the Italian mint Istituto Poligrafico e Zecca dello Stato S.p.A. in Rome. Found on all 2-euro coins of San Marino. |
|---|---|
| Ch | František Chochola – initials of the coin designer of the 2-euro circulation coin. |
| ELF INC. | Ettore Lorenzo Frapiccini – initials of the artist of the 2-euro commemorative coins of 2004, 2007 and 2008. |
| LDS | Luciana De Simoni – initials of the artist of the 2-euro commemorative coins of 2005 and 2006. |
| INC. | "incidit" — indicates the engraver of the die. |
| AL | Arno Ludwig, from 2017. |
| A.N. | Antonella Napolione. |
 | Silvia Petrassi, from 2017. |
| A.M. | Annalisa Masini. |
| M | Roberto Mauri. |
| C.M. | Claudia Momoni. |
| M.C.C. | Maria Carmela Colaneri. |
 | Uliana Pernazza. |
| ES | Erik Spiekermann. |
| MB | Matt Bonaccorsi. |
 | Andrew Lewis. |
| M.A.C. | Maria Angela Cassol. |
| VdS | Valerio de Seta. |
| AV. | Antonio Vecchio. |
| MB | Marta Bonifacio. |
| E.F. INC. | Emanuele Ferretti. |
| DI MAVLO | Gabriele Di Maulo. |
| SC | Silvia Ciucci. |
| F.TAURINO | Fani Ivanka Taurino. |
Coins from San Marino are among the most sought-after in the field: many issues have very low mintages and trade well above face value – some reach two- to three-figure sums. What your San Marino coin is worth depends on the issue, mintage and condition:
