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Increases in the silver bullion price led to the 500-lira coins being produced only in small numbers for collectors after 1967.
Obverse
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Bust of a woman in Renaissance dress with her hair in a cloth and a braided tail, representing Italy, surrounded by 19 shields. From lower left the shields are: Genova, Torino, Aosta, Milano, Trento, Venezia, Trieste, Udine, Bologna, Firenze, Ancona, Perugia, Roma, L'Aquila, Napoli, Bari, Potenza, Catanzaro, Sicilia, Cagliari. The last two are hidden behind the bust. GIAMPAOLI |
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Reverse
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Depicts Christopher Columbus's flagship carrack Santa María and two smaller caravels, the Pinta and the Niña, sailing to the right. Below the value, with mint mark (R) and name of the engraver (within sea waves). REPVBBLICA ITALIANA |
Edge |
Raised lettering with the date within six stars (three for each side) REPVBBLICA ITALIANA ☆☆☆1960☆☆☆ |