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20 Centesimi - Victor Emmanuel III magnetic, smooth edge

Issuer Italy
Year 1939-1942
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In circulation to 1946
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Obverse script Latin
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Mintage 1939 R - XVII -
1940 R - XVIII -
1942 R - XX -
Additional information

Italy's shift to Acmonital — a ferritic stainless steel alloy developed domestically — was driven by wartime autarky policy, the same economic nationalism that pushed Mussolini's regime to substitute nickel and then ultimately non-strategic metals across the coinage system. By 1939, nickel was too valuable to mint. The magnetic property of this issue distinguishes it cleanly from the otherwise identical non-magnetic aluminum-bronze predecessor, a detail that trips up casual collectors more often than it should.

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