ITALY, Montalcino. Republic of Siena in exile. 1555-1559. AV Scudo d'oro – Écu (25mm, 3.62 g, 6h). In the name of Henri II of France. Dated 1558. (lis) R · P · SE · IN · M · ILCI · HENRI · II · AVSP, she-wolf standing left, suckling the twins (Romulus and Remus) / · HENRICO · AVSPICE ·, ornate shield. MIR 338/3; cf. Duplessy 1013A (for similar legend on 1556); Ciani –; Friedberg 797. Clipped, doubled. Good Fine. Struck from an obverse die intended for a Giulio. Very rare – only three total in CoinArchives, none of this legend variety.
When Siena was conquered by the forces of Medici-controlled Florence, a group of Sienese refugees fled to Montalcino. The city held out until 1559, when it was ultimately conquered and subsumed into the territories of Florence.