Silver coins were in regular circulation in Italy. The values below represent the intrinsic value of silver coins from Italy.
Italy silver coins that are in uncirculated condition, or that may be rare and collectible may also have numismatic value. You can use this table as a guide when buying and selling circulated silver coins from Italy.
The melt values are calculated and displayed in USD based on the today's silver spot price of $30.09 per troy ounce.
Denomination / Currency | Years Minted | Fineness | Gross Weight (g) | ASW (g) | ASW (oz t) | Melt Value |
---|---|---|---|---|---|---|
1 Lira | 1883- 1917 | .835 | 5 | 4.18 | .1342 | $4.04 |
2 Lire | 1901- 1917 | .835 | 10 | 8.35 | .2685 | $8.08 |
5 Lire | 1914 | .900 | 25 | 22.50 | .7234 | $21.77 |
5 LIre | 1926- 1941 | .835 | 5 | 4.18 | .1342 | $4.04 |
10 Lire | 1926- 1941 | .835 | 10 | 8.35 | .2685 | $8.08 |
20 Lire | 1927- 1934 | .800 | 15 | 12.00 | .3858 | $11.61 |
20 Lire | 1928 | .600 | 20 | 12.00 | .3858 | $11.61 |
20 Lire | 1936- 1941 | .800 | 20 | 16.00 | .5144 | $15.48 |
500 Lire | 1958- 2001 | .835 | 11 | 9.19 | .2953 | $8.89 |
Silver coins have a long and storied history in Italy, dating back to ancient Rome. The Roman Republic began minting silver denarii around 211 BC. The denarius became one of the most important coins in the Roman economy and continued to be used throughout the Roman Empire.
During the Middle Ages, various Italian city-states such as Venice, Florence, and Genoa minted their own silver coins. The florin of Florence and the Venetian grosso were particularly notable for their widespread use and influence in European trade.
In the Renaissance period, Italy was at the forefront of coinage innovation. The lira was introduced in various Italian states, and silver coins like the scudo were widely circulated. The high quality and artistic design of Renaissance Italian coins were highly regarded.
In the 19th century, before the unification of Italy, various states such as the Kingdom of Sardinia, the Papal States, and the Kingdom of the Two Sicilies issued their own silver coins. After the unification of Italy in 1861, the Italian lira became the official currency, and silver coins such as the 1 lira, 2 lire, 5 lire, and 10 lire were minted.
During the 20th century, silver coins continued to be issued in Italy, including commemorative coins celebrating various events and anniversaries. However, with the advent of modern coinage materials and economic changes, the use of silver in everyday coinage diminished.
Italy adopted the euro (€) in 2002, and the Italian lira was phased out. Although the euro coins do not contain silver, Italy has issued several commemorative silver euro coins, continuing its tradition of producing high-quality numismatic pieces.
The history of silver coins in Italy reflects the country's rich cultural and economic heritage. From ancient Rome to the modern euro, silver coins have played a significant role in Italy's monetary history.