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50 Centesimi - Victor Emmanuel III

Issuer Italian State Mint
Year 1919-1935
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In circulation to 1946
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Reverse description The allegorical figure of Aequitas (Equity) is depicted seated left on a throne-chariot in the upper left field, holding a torch-topped sceptre. Before her, three lions stride powerfully to the right in procession, their manes rendered in bold sculptural relief, conveying strength and civic order. The legend AEQVITAS arcs across the upper field, while the denomination C. 50 appears in large characters along the lower margin. The date and the Rome mint mark R are inscribed in the lower field between the lions and the denomination, with the engraver's initials A. MOTTI discretely present.
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Mintage 1919 R - KM#61.1 (smooth edge) - 3,700,000
1919 R - KM#61.2 (reeded edge) -
1920 R - KM#61.1 (smooth edge) - 29,450,378
1920 R - KM#61.2 (reeded edge) -
1921 R - KM#61.1 (smooth edge) - 16,848,822
1921 R - KM#61.2 (reeded edge) -
1924 R - KM#61.1 (smooth edge) - 599,000
1924 R - KM#61.2 (reeded edge) -
1925 R - KM#61.1 (smooth edge) - 24,884,000
1925 R - KM#61.2 (reeded edge) -
1926 R - KM#61.1 (smooth edge) Collectors’ issue - 500
1927 R - KM#61.1 (smooth edge) Collectors’ issue - 100
1928 R - KM#61.1 (smooth edge) Collectors’ issue - 50
1929 R - KM#61.2 (reeded edge) Collectors’ issue - 50
1930 R - KM#61.2 (reeded edge) Collectors’ issue - 50
1931 R - KM#61.2 (reeded edge) Collectors’ issue - 50
1932 R - KM#61.2 (reeded edge) Collectors’ issue - 50
1933 R - KM#61.2 (reeded edge) Collectors’ issue - 50
1934 R - KM#61.2 (reeded edge) Collectors’ issue - 50
1935 R - KM#61.2 (reeded edge) Collectors’ issue - 50
Additional information

Italy's postwar nickel coinage was a direct consequence of wartime metal requisitions — silver had been systematically pulled from circulation to fund the conflict, and the Treasury needed a durable, affordable substitute. Nickel was the answer, and these pieces entered circulation just as the country was lurching through the political instability that would bring Mussolini to power in 1922.

The series ran long enough to span the consolidation of the Fascist state, though the coins themselves changed little across the production run. Pagani 811 is the base reference for the type, with minor date-related variations tracked by collectors across the sixteen-year span.

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