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10 000 Lire Proclamation of the Italian Republic
| Issuer | Istituto Poligrafico e Zecca dello Stato |
|---|---|
| Year | 1996 |
| Type | Non-circulating coin |
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| Edge | Alternating reeded and plain sections |
| Mint | R Rome, Italy (476-date) |
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| Additional information |
Italy proclaimed itself a republic on June 10, 1946, following a referendum in which the monarchy lost by a margin of roughly 54% to 46% — close enough that King Umberto II disputed the result before going into exile in Portugal. This coin, issued fifty years after that vote, belongs to a commemorative series the Zecca produced throughout the 1990s marking anniversaries of the postwar constitutional order.
The .835 fineness is characteristic of Italian commemorative silver from this period, slightly below sterling — a deliberate production choice that had become standard for the republic's commemorative output by the mid-1990s.