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2 Centesimi - Victor Emmanuel III

Issuer Royal Italian Mint
Year 1903-1908
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Value 2 Centesimi (0.02 ITL)
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Obverse description Left-facing effigy of King Vittorio Emanuele III in high relief, rendered as a bare-headed portrait bust with naturalistic facial detail. The circular legend VITTORIO EMANUELE III RE D'ITALIA runs along the periphery. Below the truncation of the neck appears the initial 'S', the engraver's mark of Filippo Speranza. The field is smooth and unadorned, placing full compositional emphasis on the royal portrait.
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Reverse script Latin
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Italy's copper minor coinage of this period suffered a peculiar circulation problem: the 1 and 2 centesimi denominations were so low in purchasing power by the early 1900s that shopkeepers routinely refused them, and the Treasury eventually had to mandate their acceptance by decree. Victor Emmanuel III took the throne in 1900 following his father Umberto I's assassination by an anarchist in Monza, and the early coinage of his reign — including this type — was produced while the government was still stabilizing both politically and fiscally.

The series ran only five years before being quietly discontinued.

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