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Romania under Michael I – (1927 to 1930, 1940 to 1947)
1946 Silver 100,000 Lei 37mm (24.82 grams) 0.700 Silver (0.5626 oz. ASW)
Reference: KM# 71
MIHAI I REGELE ROMANILOR H. IONESCU Michael I facing right.
ROMANIA 100000 LEI A ROMANESCU Female releasing bird, coat of arms to right.
Edge Lettering:
NIHIL SINE DEO
You are bidding on the exact item pictured, provided with a Certificate of Authenticity and Lifetime Guarantee of Authenticity.
 Michael I (Romanian: Mihai I [miˈhaj]; 25 October 1921 – 5 December 2017) was the last King of Romania, reigning from 20 July 1927 to 8 June 1930 and again from 6 September 1940 until his abdication on 30 December 1947.
Shortly after Michael’s birth, his father Prince Carol had become involved in a controversial relationship with Magda Lupescu. In 1925, Carol was eventually pressured to renounce his rights to the throne and moved to Paris in exile with Lupescu. In 1927, Michael ascended the throne, following the death of his grandfather, Ferdinand I. As he was still a minor, a regency council was instituted which comprised his uncle, Prince Nicholas; the Patriarch Miron Cristea; and the president of the Supreme Court, Gheorghe Buzdugan. The council proved to be ineffective and in 1930, Carol returned to Romania and replaced his son as king, reigning as Carol II. As a result, Michael returned to being heir apparent to the throne and was given the additional title of Grand Voievod of Alba-Iulia.
Carol II was deposed in 1940, and Michael once again became king. Under the government led by the military dictator Ion Antonescu, Romania became aligned with Nazi Germany. In 1944, Michael participated in a coup against Antonescu, appointed Constantin Sănătescu as his replacement, and subsequently declared an alliance with the Allies. In March 1945, political pressures forced Michael to appoint a pro-Soviet government headed by Petru Groza. From August 1945 to January 1946, Michael went on a “royal strike” and unsuccessfully tried to oppose Groza’s Communist-controlled government by refusing to sign and endorse its decrees. In November, Michael attended the wedding of his cousins, the future Queen Elizabeth II of the United Kingdom and Prince Philip of Greece in London. Shortly thereafter, on the morning of 30 December 1947, Groza requested a meeting with Michael where he was forced to abdicate. Michael was forced into exile, his properties confiscated, and his citizenship stripped. He married Princess Anne of Bourbon-Parma in 1948, with whom he had five daughters, and eventually settled in Switzerland.
Nicolae Ceaușescu’s communist dictatorship was overthrown in 1989 and the following year Michael attempted to return to Romania, only to be arrested and forced to leave upon arrival. In 1992, Michael was allowed to visit Romania for Easter where he was greeted by huge crowds; a speech he gave from his hotel window drew an estimated one million people to Bucharest. Alarmed by Michael’s popularity, the post-communist government of Ion Iliescu refused to allow him any further visits. In 1997, after Iliescu’s defeat by Emil Constantinescu in the presidential elections of the previous year, Michael’s citizenship was restored and he was allowed to visit Romania again. Several confiscated properties, such as Peleş Castle and Săvârşin Castle, were eventually returned to his family.
Romania is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders the Black Sea to the southeast, Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, and Moldova to the east. It has a predominantly temperate-continental climate. With a total area of 238,397 square kilometres (92,046 sq mi), Romania is the 12th largest country and also the 7th most populous member state of the European Union, having almost 20 million inhabitants. Its capital and largest city is Bucharest and other major urban areas include Iași, Timișoara, Cluj-Napoca, and Constanța.
The River Danube, Europe’s second-longest river, rises in Germany’s Black  Forest and flows in a general southeast direction for 2,857 km (1,775 mi), coursing through ten countries before emptying into Romania’s Danube Delta. The Carpathian Mountains, which cross Romania from the north to the southwest, include Moldoveanu Peak, at an altitude of 2,544 m (8,346 ft).
Modern Romania was formed in 1859 through a personal union of the Danubian Principalities of Moldavia and Wallachia. The new state, officially named Romania since 1866, gained independence from the Ottoman Empire in 1877. At the end of World War I, Transylvania, Banat, Bukovina, and Bessarabia united with the sovereign Kingdom of Romania. During World War II, Romania was an Axis power and, consequently, an ally of Nazi Germany against the Soviet Union, fighting side by side with the Wehrmacht until 1944, when it joined the Allies and faced occupation by the Red Army’s forces. Throughout wartime Romania had lost several territories, of which only Northern Transylvania was regained after the war. Following the war, Romania became a socialist republic and member of the Warsaw Pact. After the 1989 Revolution, Romania began a transition towards democracy and a capitalist market economy.
The sovereign state of Romania is a developing country and ranks 52nd in the Human Development Index. It has the world’s 47th largest economy by nominal GDP and an annual economic growth rate of 7% (2017), the highest in the EU at the time. Following rapid economic growth in the early 2000s, Romania has an economy predominantly based on services, and is a producer and net exporter of machines and electric energy, featuring companies like Automobile Dacia and OMV Petrom. It has been a member of the United Nations since 1955, part of NATO since 2004, and part of the European Union since 2007. An overwhelming majority of the population identifies themselves as Eastern Orthodox Christians and are native speakers of Romanian, a Romance language.
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