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The Italy 1 Lira 1928 KM#62 is a distinguished piece of Italian numismatic history that exemplifies the country’s early 20th-century coinage. Issued during a period of political and economic transformation, this coin reflects Italy's efforts to stabilize its currency while adapting to the demands of a modernizing economy. The year 1928 was a notable one for Italy as it marked a period of consolidation under the Fascist regime, which sought to project strength and stability through various state symbols, including coinage.
The obverse of the 1 Lira 1928 features a finely detailed portrait of King Victor Emmanuel III. This portrayal of the king captures his dignified demeanor, emphasizing his role as the head of state during this transformative era. The king is shown in profile, with his regal features and formal attire meticulously rendered. Surrounding the portrait is the inscription “VITT EMAN III RE D'ITALIA,” which translates to "Victor Emmanuel III King of Italy." This inscription not only identifies the reigning monarch but also reinforces the connection between the coinage and the royal authority of the time. The high-quality engraving highlights the artistic standards of the Italian Mint, showcasing its commitment to excellence in coin design.
The reverse side of the coin presents a prominent depiction of an olive branch, which is a symbol of peace and prosperity. The olive branch is shown in a symmetrical design, flanked by the inscription “1 LIRA” to denote the coin’s denomination. The simplicity and elegance of this design reflect the Italian Mint’s emphasis on clarity and functionality in its coinage. The reverse design is framed by a border of small dots, adding a touch of sophistication while ensuring that the central elements of the coin remain the focal point. This minimalist yet impactful design aligns with the broader aesthetic principles of early 20th-century Italian coinage.
The 1 Lira 1928 is composed of a bronze alloy, which was a common choice for lower denomination coins during this period. The bronze composition ensures durability while maintaining a cost-effective approach to coin production. The coin’s bronze finish contributes to its visual appeal, with a warm, lustrous quality that highlights the intricacies of the design. The choice of material also reflects the practical considerations of coinage during a time of economic consolidation and stability.
The Italian Mint, responsible for producing the 1 Lira 1928, was renowned for its high standards of craftsmanship and precision. Established in the wake of Italy’s unification in 1861, the mint played a crucial role in shaping the nation’s currency system. The mint’s expertise is evident in the 1 Lira 1928, with its finely detailed design and consistent quality. The production of this coin reflects the mint’s commitment to maintaining high standards in its coinage, ensuring that each piece met the expectations of both the government and the public.
The mintage of the 1 Lira 1928 was substantial, reflecting the need for a significant quantity of this denomination in circulation. While exact figures for the mintage can vary, the coin was produced in large numbers to meet the demands of everyday transactions. This relatively high mintage contributes to the coin’s availability among collectors today, making it a notable yet accessible piece of Italian numismatic history. Despite its widespread use, the 1 Lira 1928 remains a valuable artifact for those interested in Italian coinage and the historical context of the early 20th century.
Italy during the late 1920s was a nation undergoing significant political and social changes. The rise of Fascism under Benito Mussolini was reshaping the country’s political landscape, influencing various aspects of daily life, including currency. The 1 Lira 1928 serves as a tangible reminder of this period of transformation, reflecting the efforts of the Italian government to project stability and continuity through its coinage.
The coin’s design and composition offer valuable insights into Italy’s economic and political priorities during this time. The emphasis on simplicity and elegance in the coin’s design aligns with the broader trends in early 20th-century Italian numismatics. The use of bronze and the clear depiction of the king and olive branch highlight the mint’s focus on creating a coin that was both practical for everyday use and representative of national values.
Italy, renowned for its rich cultural and historical heritage, was navigating a complex period of modernization and political change during the late 1920s. The 1 Lira 1928 reflects this dynamic era, offering a glimpse into the country’s efforts to establish a stable and unified currency system while adapting to new political realities. As a piece of Italian numismatic history, the coin serves as a valuable connection to Italy’s past and its journey through a transformative period.