Italy 1932-R 50 lire

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Heritage sale 3042, lot 33842
photo courtesy Heritage Auction Galleries

This specimen was lot 33842 in Heritage sale 3042 (Long Beach, September 2015), where it sold for $470. The catalog description[1] noted, "Vittorio Emanuele III gold 50 Lire 1932-R (Anno X) MS63 NGC. Nicer than usual for the type with outstanding radiance and few marks." This type was struck for the kingdom of Italy 1931-33. The SCWC mentions circulated examples but it is hard to believe anyone would have been so foolish as to spend these. Vittorio Emanuele III succeeded his father Umberto upon the latter's assassination in 1900, but by 1931 he was the helpless tool of the Fascists. The year X refers not to his regnal year but to the year of Mussolini's dictatorship.

Recorded mintage: 12,000.

Specification: 4.40 g, .900 fine gold, designed by Giuseppe Romagnoli.

Catalog reference: Fr-34; KM-71.


  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1901-2000, 42nd ed., Iola, WI: Krause Publications, 2014.
  • 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.
  • 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]Cristiano Bierrenbach, Warren Tucker and David Michaels, Heritage World Coin Auction 3042, featuring the Read and Bob Bennett Collections, Dallas, TX: Heritage Auction Galleries, 2015.

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