Head of King Vittorio Emanuele III facing right. Below the neck the name of the engraver
Obverse script
Latin
Obverse lettering
VITT·EM·III·RE·E·IMP·
G. ROMAGNOLI (Translation: Vittorio Emanuele III King and Emperor (of Italy) G. Romagnoli)
Reverse description
Eagle in profile, with outstretched wings and head left, has fasces with axe in its claws. The eagle is encircled by a laurel wreath made of two branches. Where the branches meet together at base is the Shield of Savoy which divides the value below. The date is on the left of the value, while the mint mark and the year in the Fascist Era are at right.
Reverse script
Latin
Reverse lettering
ITALIA
1940
L. 2
XVIII
R (Translation: ITALY 1940 LIRE 2 XVIII R)
Edge
Reeded
Mint
R Rome, Italy (476-date)
Mintage
1939 R - XVII; Shares mintage with 1939 XVII KM# 78b - 2 900 000 1939 R - XVIII; Shares mintage with 1939 XVIII KM# 78b - 4 873 000 1940 R - XVIII; Shares mintage with 1940 XVIII KM# 78b - 5 742 000