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2 Lire - Victor Emmanuel III magnetic

Issuer Kingdom of Italy
Year 1939-1943
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Value 2 Lire (2 ITL)
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Reverse description A Savoy eagle with wings displayed stands facing, perched atop a fasces — the Fascist symbol of bundled rods — centrally placed in the field. The eagle and fasces are framed by a wreath of olive branches extending from the lower field on both sides. At the base of the design, the Savoy shield bearing a cross appears beneath the fasces. The denomination L. 2 is inscribed in the lower exergue, flanked by the date on the left and the regnal year in Roman numerals (XIX) on the right, with the mint mark R at the lower right. The legend ITALIA arches across the upper field in widely spaced letters.
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Mintage 1939 R - XVII; Shares mintage with 1939 XVII KM# 78a - 2,900,000
1939 R - XVIII; Shares mintage with 1939 XVIII KM# 78a - 4,873,000
1940 R - XVIII; Shares mintage with 1940 XVIII KM# 78a - 5,742,000
1941 R - XIX - 1,865,000
1942 R - XX - 2,450,000
1943 R - XXI - 600,000
Additional information

Italy's switch to Acmonital — an acronym coinage from "acciaio monetale italiano" — was driven entirely by the demands of Mussolini's war economy, which had been hemorrhaging nickel and other strategic metals since the Ethiopian campaign of 1935. The ferritic steel alloy was magnetic by design, intended to allow automated sorting in a rearmament state that could no longer afford to bury metals in pocket change.

Production continued through 1943, the year the Badoglio government surrendered to the Allies and the Kingdom's coinage authority effectively collapsed in the south while the RSI took over in the north.

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