Italian 2 Lire obverseObverse

Image: Wikimedia Commons · Livioandronico2013 · CC BY-SA 4.0

Italian 2 Lire

Italy

1861–1946

Reference data compiled from public catalogs

Estimated Melt Value

$21.25

Based on Silver spot price ($79.17/oz) · 83.5% purity · 10g

Updated 6:41 PM

Collector premium not included

Specifications

CountryItaly
Years Minted1861–1946
Composition0.835 silver
Weight10 g
Diameter27 mm
ShapeRound
EdgeReeded

Design

Obverse

Features the portrait of the reigning king, such as Vittorio Emanuele II, facing left.

Reverse

Displays the denomination '2 Lire' within an olive wreath.

History & Notable Facts

The Italian 2 Lire coin, introduced in 1861, was among the first to bear the effigy of Vittorio Emanuele II, symbolizing Italy's unification after centuries of fragmentation.

That portrait, based on engravings by Giuseppe Romagnoli, appeared on silver planchets that were .835 fine until 1926, when the metal shifted to cheaper alloys due to wartime economies. Variations in design reflected political shifts; for instance, later issues under Mussolini added fascist symbols. Mintage figures vary by year, but records for the 1870s are spotty, likely destroyed in archival fires.

One oddity: the coin's diameter shrank over time, making it easy to mistake for a button in a pocket. As for myths, I've heard tales of hidden treasures in old lira hoards, but that's just romantic nonsense—most ended up in piggy banks.

We don't know exactly how many survive today, though uncirculated specimens from the 1890s fetch a modest premium. It's a straightforward piece of currency history, nothing more.

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