Head of Victor Emmanuel III facing right and the name of the engraver below the neck. King and Emperor in title means King of Italy and Emperor of Ethiopia.
Obverse script
Latin
Obverse lettering
VITT·EMAN·III·RE·E·IMP ·
G.ROMAGNOLI (Translation: VICTOR EMMANUEL III KING AND EMPEROR G.ROMAGNOLI)
Reverse description
Side view of an eagle with raised wings holding a fasces with an axe in its claws, date and year of Fascist Era on the left, near the tail. Below the fasces, in exergue, the Savoy shield divides the value and mintmark at sides.
Reverse script
Latin
Reverse lettering
ITALIA
1940
XVIII
R
C. 50 (Translation: ITALY 1940 XVIII R 50 Centesimi)
Edge
Reeded
Mint
R Rome, Italy (476-date)
Mintage
1939 R - XVII; Shares mintage with 1939 XVII KM# 76b - 9 372 000 1939 R - XVIII; Shares mintage with 1939 XVIII KM# 76b - 10 005 000 1940 R - XVIII; Shares mintage with 1940 XVIII KM# 76b - 19 005 000