Depicts a vessel sailing floating under the twelve stars of the European Union, representing Europe. The issue year on the left, the monogram of the Italian Republic (RI) on the right, and the engraver's name below.

Depicts a reproduction of the sculpture The Knight (1947) by Marino Marini, with the inscription in Italian "Europe of Arts" above, the value on the left, mintmark (R) on top, and the sculptor's name below.

Marino Marini (1901–1980) was an Italian sculptor and educator. He produced his first equestrian works in the mid-1930s. He was inspired to do so by seeing sculptures of medieval knights on horseback in Germany. The subject symbolised for him a primaeval or mythical harmony between man and nature. After the Second World War, however, his figures on horses often expressed anguish. This is related to Marini's experience of seeing Italian peasants on frightened horses fleeing bombardment during the War. The artist wrote that this sculpture was 'the result of a sad period which Italy passed through during the War', and described it as 'enclosed in geometrical lines', and 'very precise in its tragic and human significance'.