Italy 20 Lira Gold Coin
The Italy 20 Lira Gold Coin is an intriguing piece of numismatic history. With its complex design and historic connection, this collectible piece has quickly become one of the most prized collectibles amongst numismatists.
Investment and retirement accounts could benefit from adding coins of intrinsic value and historical appeal, like those which bear the image of their reigning monarch at mintage time. On one side of these coins lies their historical appeal; their obverse displays their regal appearance at mintage time.
Value
Gold’s limited supply means it remains relatively stable in value regardless of how much an individual country’s central bank inflates the value of its currency.
Turkey, currently experiencing high inflation, has witnessed its currency become less and less valuable each day, forcing many citizens to keep their savings stashed away in mattresses or private safe deposit boxes rather than trust banks to devalue it at double-digit inflation rates.
Minted between 1861 and 1923 at various Italian mints, 20 Lire Gold Coins feature the portrait of Italy’s reigning monarch on one side and its coat of arms on the reverse – perfect additions to your gold collection and providing you with a piece of Italian history! These rare collector’s items make great additions.
Purity
Pure gold is soft, so it is typically alloyed with other metals to harden and strengthen it, as well as changing its colouring, with copper adding a rosey hue while nickel creating white gold. Gold coin purity can be expressed using the karat scale – 24 being 100% gold while lower numbers indicate less amounts.
Turkish gold has long been stored away under mattresses or private safes, but now serves a more practical function in helping commercial banks expand their loan book without needing to deposit more lira with the central bank – helping mitigate against inflationary forces in Turkey.
These 20 lira coins were produced between 1861 and 1878 at Italian mints in Florence, Milan, Naples, and Turin. Each coin depicts Victor Emmanuel II – King of Italy from 1861 until his death in 1878. Although they have legal tender value within Italy they also carry an intrinsic gold market price of more than $200 and often command premium prices due to numismatic qualities and historical relevance.
Weight
When investing in gold, it’s important to secure the highest-grade metals possible – the lira is no exception: its coins are produced using 24 carat gold which represents the purest level currently produced anywhere worldwide.
On the reverse of this 20 lira coin is Italy’s national coat of arms with oak and olive branches adorning it, depicting what used to be Italy’s sole currency until Euro took over in 1999.
Owners of these gold coins can take pride in holding an integral piece of Italian history from its infancy, when the modern unified Kingdom was formed. Additionally, these coins make an excellent investment or collection piece due to their high gold content and historical value – featuring the portrait of King Vittorio Emanuele II on each coin and featuring 1.67 grams (0.1 oz net weight of gold) total weight.
Design
20 Lire gold coins are an easy and historic way to diversify your precious metals portfolio. Minted before 1900, these pre-1900 bullion coins contain one fifth of an ounce (.1867 Troy oz of gold). Their composition was designed to reflect France, Switzerland and Belgium’s Franc gold coins within the Latin Monetary Union.
These gold coins exhibited the image of Italy’s reigning monarch at the time of minting. Early designs featured King Umberto I; later coins featured Victor Emmanuel III’s bust instead.
On the reverse of each coin is Italy’s coat of arms adorned with its national seal topped by a crown on a crossed shield and flanked by olive and oak branches, as well as its face value and denomination number. These coins offer a distinct design which makes an excellent addition to any world gold collection.
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