Italian 1 Lira obverseObverse

Image: Wikimedia Commons · Philippe Giabbanelli · CC BY-SA 3.0

Italian 1 Lira

Italy

1861–1946

Reference data compiled from public catalogs

Estimated Melt Value

$0.05

Based on Copper spot price ($6.07/oz) · 95.0% purity · 4g

Updated 6:41 PM

Collector premium not included

Specifications

CountryItaly
Years Minted1861–1946
CompositionBronze
Weight4 g
Diameter21 mm
ShapeRound
EdgePlain

Design

Obverse

Features the portrait of King Vittorio Emanuele III facing left.

Reverse

Depicts the denomination within an oak and laurel wreath, with the date below.

History & Notable Facts

The Italian 1 Lira coin, despite its modest bronze composition, was one of the first currencies to unify Italy's fragmented regions under a single minting standard in 1861. That meant peasants in Sicily could finally trade with merchants in Piedmont without haggling over ducats or florins.

Struck primarily at the Milan and Rome mints, it featured evolving designs that reflected political shifts—from Vittorio Emanuele II's profile in the early years to fascist symbols under Mussolini. The coin's diameter remained consistent at about 24 millimeters, but its weight dipped during World War II due to metal shortages. Exact mintage numbers for many years are murky; records from the 1920s onward were poorly kept.

Variations exist, like the 1908 restrike, which reused older dies and can fool the unwary. It's a sturdy piece, often found in decent condition after decades of pocket wear. Some years, like 1943, saw reduced production because of the war effort—simple as that.

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