Italy 1869-M BN 5 lire

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Heritage sale 3064, lot 33363
Italy H3064-33363r.jpg

This specimen was lot 33363 in Heritage sale 3064 (Chicago, April 2018), where it sold for $420. The catalog description[1] noted, "Vittorio Emanuele II 5 Lire 1869 M-BN MS63 PCGS, Milan mint. A slightly golden hue meets with the darker regions around the legends to produce a lightly reddish, almost amber effect. Some light, scattered handling marks, to be expected for the grade, circulate throughout the services, which otherwise remain markedly clean." This type was struck at the Rome mint 1870-78 and at the Milan mint (shown here) 1869-75 during the reign of Victorio Emanuele II of Italy. It is struck to the same standard as the contemporary French five francs. It is quite common. The earlier dates (1870-75) are quite scarce with the Rome mintmark. The denomination was terminated in 1879 when its legal tender provision was revoked in the Latin Monetary Union. Several countries, including Italy, were striking large numbers of silver crowns (worth about three francs in bullion) and redeeming them in France for five francs in gold.

Recorded mintage: 3,995,246.

Specification: 25 g, .900 fine silver.

Catalog reference: Dav-140, KM 8.3, Gig-39.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
  • Gigante, Fabio, Gigante 2016: Catalogo Nazionale delle Monete Italiano Dal '700 All'Euro, 24a ed. Varese, Italy, 2015.
  • Montenegro, Eupremio, Montenegro 2015: Manuale del Collezionista di Monete Italiane, 30 ed., Torino, Italy: Montenegro s.a.s., 2014.
  • Davenport, John S., European Crowns and Talers, Since 1800, 2nd Ed., London: Spink & Son, 1964.
  • [1]Numismatic Coins, Medals, & Banknotes: Auction 18, Zurich: SINCONA AG, 2014.

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