Italy 1934-R 20 lire

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Ponterio sale 168, lot 40671
photo courtesy Stack's-Bowers LLC

This specimen was lot 40671 in Ponterio sale 168 (Philadelphia, August 2012), where it sold for $10,638. The catalog description[1] noted, "ITALY. 20 Lire, 1934-R XII. NGC MS-66. VERY RARE. From a mintage of only 50 pieces. Some light toning. From the Demarete Collection." 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, designed by Giuseppe Romagnoli.

Catalog reference: KM 69, Dav-145, Gig-43; Mont-73.


  • 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]Ponterio, Richard, Ponterio sale 168: The Official ANA Auction, Irvine, CA: Stack's Bowers LLC, 2012.

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