Italy 1933-R 20 lire

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Sincona sale 43, lot 2269
This specimen was lot 2269 in Sincona sale 43 (Zurich, October 2017), where it sold for 4,750 CHF (about US$5,668 including buyer's fees). The catalog description[1] noted,
"ITALY | Königreich, Vittorio Emanuele III. 1900-1946 20 Lire 1933/AN XI R. Roma. Sehr selten. Nur 50 Exemplare geprägt. Fast FDC. PCGS MS63. (kingdom of Italy, Victor Emanuel III, 1900-46, twenty lire of 1933, year XI, Rome mint. Very rare. Only 50 pieces struck, About uncirculated.)"
This type was struck for the kingdom of Italy 1926-34. The issues of 1927 and 1928 were of substantial mintage but few seem to have been released as they are seldom seen. The other dates were for presentation only. 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. Altho this coin has a Davenport number, we regard it as too small (<20 g) to be included in our list of European crowns.

Recorded mintage: 50.

Specification: 15 g, .800 fine silver, 35.5 mm diameter.

Catalog reference: KM 69, Dav-145, Pagani 678, Mont-72.


  • 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]Richter, Jürg, Sincona sale 43, Gold and Silver Coins and Medals, Zurich: Sincona AG, 2017.

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