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50 Lire - Victor Emmanuel III

Issuer Kingdom of Italy
Year 1931-1933
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Value 50 Lire (50 ITL)
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Obverse description Bare-headed right-facing effigy of Victor Emmanuel III in military uniform with epaulettes and a decorative chain visible at the truncation, rendered in high relief with fine sculptural detail. The legend VITT. EM. III. RE is inscribed in large letters along the upper periphery, divided on either side of the portrait. The engravers' signatures G. ROMAGNOLI and A. MOTTI INC. appear in small letters along the lower rim beneath the bust truncation.
Obverse script Latin
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Additional information

Italy's gold 50 Lire of this period was struck under the Fascist regime's aggressive monetary posturing — Mussolini had famously pegged the lira at "Quota 90" against the pound sterling in 1927, a deflationary move that caused widespread economic hardship but which he framed as a nationalist triumph. The gold coinage of 1931–33 existed largely as a prestige exercise; actual gold circulation had effectively ended years earlier.

KM#71 is known in relatively small total mintages across its three-year run, with 1933 being the scarcest date by a considerable margin.

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