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
| Country | Italy |
| Years Minted | 1970 |
| Composition | 835/1000 silver |
| Weight | 15 g |
| Diameter | 29 mm |
| Shape | Round |
| Edge | Reeded |
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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