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20 Lire

Issuer San Marino
Year 1991
Type Commemorative circulation coin
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Obverse description The three towers of San Marino — Guaita, Cesta, and Montale — rising from Mount Titano, rendered in bold relief at centre. The legend REPUBBLICA DI SAN MARINO arcs around the upper periphery, with the motto LIBERTAS inscribed along the lower border. The date 1991 appears in the left field. The design is executed in a robust, modernist engraving style characteristic of late 20th-century Italian mint work.
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Reverse script Latin
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Additional information

San Marino's 1991 coinage program fell during a period when the republic was issuing annual themed sets primarily for collectors rather than circulation — a practice that had become the microstate's de facto monetary policy since the 1970s. Most pieces from this run went directly into proof and uncirculated sets sold through the Ufficio Filatelico e Numismatico, meaning genuine wear on examples from this year is unusual and worth noting when present.

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