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1 Lira - Victor Emmanuel III

Issuer Italian State Mint (Zecca dello Stato)
Year 1901-1907
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Value 1 Lira (1 ITL)
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Reverse description A displayed heraldic eagle with spread wings bears the Savoia dynastic shield on its breast, surmounted by the Royal Crown of Italy. Stars flank the mint mark below the eagle's talons in the lower field. The denomination L.1 appears to the left of the eagle and the date to the right, with the legend REGNO D'ITALIA arcing along the upper periphery.
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Reverse lettering REGNO D'ITALIA
L.1
R
1901
(Translation: Kingdom of Italy 1 Lira R 1901)
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Additional information

This short series was struck at Rome during the opening years of Victor Emmanuel III's reign, a period when Italy's monetary policy was still anchored to the Latin Monetary Union — the multinational agreement that had fixed silver fineness at .835 across France, Belgium, Switzerland, and Italy since 1865. Production halted after 1907, and the denomination was not meaningfully revived in silver, as the LMU's constraints on subsidiary coinage made small silver increasingly impractical to issue profitably against rising bullion prices.

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