20 Lire - Victor Emmanuel III, Italy

Allegorical female figure symbolizing Italy, holding in her stretched right hand a statue of Victory and with the left a fasces. The figure is seated on a chariot drawn by four horses with slow pace to the right. To the left the year also in the Fascist Era. In exergue the Shield of Savoy adorned with fasces at both sides divides the value. Under the base of the chariot left the authors name (G ROMAGNOLI), right the mint mark (R).

Giuseppe Romagnoli

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Bald head of king Vittorio Emanuele III facing left. Legend continuous around rim

Giuseppe Romagnoli

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Reeded