Draped Italy seated left on short cippus, an olive branch in the outstretched right hand, a winged Victoria on globe in the lowered left hand. Lettering divided by figure, date below exergue line.

At the right of the pillar engravers names.

Value on two linea, with crowned Savoy Shield at left. Mintmark below. All in a circle of laurel branches.

Savoy shield is the arms of the House of Savoy. It is said to first appear in 1263, when it likely signified the “taking of the cross” by Pietro II, who was the maternal uncle of Eleanor of Provence, wife of Henry III of England. Over the span of many centuries this royal family played an important role in both French and Italian history. In fact, for some time the Savoy shield was displayed on Italy’s well-known tricolor flag.