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Italian 1970 FAO Commemorative

Italy

1970

Reference data compiled from public catalogs

Estimated Melt Value

$34.36

Based on Silver spot price ($79.17/oz) · 90.0% purity · 15g

Updated 6:41 PM

Collector premium not included

Specifications

CountryItaly
Years Minted1970
Composition835/1000 silver
Weight15 g
Diameter29 mm
ShapeRound
EdgeReeded

Design

Obverse

Features the emblem of the Italian Republic.

Reverse

Depicts symbols related to the Food and Agriculture Organization, including wheat and agricultural motifs.

History & Notable Facts

This 1970 Italian FAO commemorative was one of the first silver coins minted by a nation to directly fund international food aid programs, channeling proceeds to the Food and Agriculture Organization's initiatives against hunger.

Weighing 15 grams of sterling silver, it features a simple sheaf of wheat on the obverse, symbolizing agricultural bounty, and the Italian Republic's coat of arms on the reverse. The design, by engraver Pietro Giampaoli, echoes classical motifs but with a modern edge for its time. Mintage figures? Lost in Italy's bureaucratic fog, I'm afraid; no one seems to have kept precise records.

Some claim it sparked a wave of commemoratives, but that's overstated. It was just a coin with a purpose. As for myths, I've heard tales of it being hoarded for its silver alone, which is true enough, but let's not pretend it changed the world. Oh, and if you're waiting for a punchline about grain and coins, forget it; that's as stale as last year's harvest.

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