Italy 1902-R 20 lire

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Heritage sale 3029, lot 30211
Italy 1902 20 lire rev H3029-30211.jpg

This specimen was lot 30211 in Heritage sale 3029 (New York, January 2014), where it sold for $52,875. The catalog description[1] noted, "Kingdom. Vittorio Emanuele III gold 20 Lire 1902-R, MS66 NGC. One of the true great rarities of Italian numismatics, this amazing example has a minuscule mintage of only 181 pieces. The strike is bold, and the fields deeply mirrored, with no notable flaws. This is the only piece certified, in any condition, by either NGC or PCGS. This is also the first example of this spectacular issue that we have had the privilege of offering, and we doubt we will see another, especially in this superb condition, for many years to come." This rare type is listed for four dates (1902, 1903, 1905, 1908). It was struck to the standard of a French twenty francs d'or. Italian gold coinage was already scanty when World War One terminated it.

Recorded mintage: 181 plus 115 with anchor mintmark (KM 37.2).

Specification: 6.45 g, .900 fine gold, .186 troy oz AGW.

Catalog reference: KM 37.1, Fr-23, Pagani 662 (R3).


  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 7th ed., Clifton, NJ: Coin and Currency Institute, 2003.
  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1901-2000, 42nd ed., Iola, WI: Krause Publications, 2014.
  • 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.
  • [1]Bierrenbach, Cristiano, Stuart Levine and Bruce Lorich, Heritage World and Ancient Coins Auction 3029, featuring Selections from the Eric P. Newman Collection, Part III, Dallas, TX: Heritage Auction Galleries, 2013.

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