The second commemorative column commissioned by Cosimo I depicted the victory in the Battle of Marciano. It was placed in Piazza San Felice, at the intersection of Via Maggio and Via Romana, near Palazzo Pitti. The monument consists of a monolith in Medici breccia, sourced from Seravezza, along with another monolith intended for Piazza San Marco. The column, which measures 16 braccia (9.4 meters), required the work of Bartolomeo Ammannati, who oversaw the extraction of the monolith and its transportation.

In 1572, during the attempt to erect the column, it broke in half, requiring the two sections to be hinged together. However, the column remained incomplete, without a capital and without a proper base.

Cosimo I's project also included the installation of a statue depicting Peace at the top of the column (which was part of a larger project that included the construction of the columns of Justice, Peace, and Religion in Piazza San Marco). However, the Grand Duke's death occurred before the work was completed, and the artwork was never commissioned.

The column remained in its original position until 1838, when Grand Duke Leopoldo II ordered its removal to widen the passage. A plaque on a building in the square still commemorates the removal of the "imperfect monument." In 1992, the column was once again placed in its original position.