Head of King Vittorio Emanuele III facing left. Name of the author below the neck. Lettering around the rim
Obverse script
Latin
Obverse lettering
VITTORIO EMANUELE III RE D`ITALIA
A. MOTTI (Translation: VITTORIO EMANUELE III KING OF ITALY)
Reverse description
A large fasces with an axe adorned with a ram head leaning on its right. At left the value on two lines and below the mintmark; at right the dates (the first: October 1922 is the date of the March on Rome, the second is that of the coin)
Reverse script
Latin
Reverse lettering
LIRE 20
OTTOBRE 1922
1923
R (Translation: 20 LIRE OCTOBER 1922-1923 R)