Head of King Vittorio Emanuele III facing left and the name of the engraver below the neck
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
Head of a woman facing right (representing Italy) behind a fasces placed at left, in front of her hairs, and adorned with the Savoy shield and with an axe at its left. Value below between the date at right and the mintmark plus the year of Fascist Era on the left.
Reverse script
Latin
Reverse lettering
ITALIA
R
XVIII 1940
C. 20 (Translation: Italy R XVIII 1940 20 Centesimi)