Italian coins Repubblica

Description and catalogue value of italian coins 1943 - 2001.
500 lire caravelle500 lire braille

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500 Lire caravelle

500 Lire Caravelle 

Dates and value

[Eng] [Ita]

Diameter:29,5 mm
Metals: Silver 835
Weight: 11g
Edge: ***date***REPVBBLICA ITALIANA

This nice coin was minted in the years you see on the left.
The coin represent the three Caravels, were not minted in 1962 and 1963 because on that years were minted 500 Lire for the centenary of Unity of Italy.
On Obverse it is represented the bust of a lady in renaissance's style, looking left. Around the coat of arms of 19 Italian cities. Below the name of the engraver: Giampaoli. The coin have the date
with the inscription 'Repvbblica Italiana' along its edging.
The Obverse was designed by Pietro Giampaoli the was the master engraver of the mint, he had modeled the profile of women inspired by its wife, Letizia Savonitto. Simple in design, this 'caravels' silver 500 Lira coin has been engraved and cut to highlight the beautiful woman. Due to its timeless charm, this would look superb on any silver chain or indeed leather cord.
This piece was originally designed by the artist for his wife to celebrate their 10 years of marriage.

The coat of arms of the 19 cities or country are from the bottom left clockwise: Genova, Torino, Aosta, Milano, Trento, Venezia, Trieste ed Udine, Bologna, Firenze, Ancona, Perugina, Roma, L'Aquila, Napoli, Bari, Potenza, Catanzaro, Sicilia, Cagliari.

Exist 1024 exemplars of this coin minted in 1957 with the writing PROVA on the reverse, those coins were donated to our parliamentary who were at the end of their first parliamentary mandate, the value of this coin is very high, can be over 9000$!

At the end of 1957 pictures of the coin were on newspapers and a mariner, the captain Di Calabria observed that the top flags of the Caravels were flying against the wind. After that there was a lot of rumours about this "error", some expert said the boats were simply sailing near to the wind. So the sail were correctly represented. Altho if there weren't any error the Government decided to change the dies. The first circulating coin have the 1958 date.

border with: REPVBBLICA ITALIANA 19XX  ( XX means the year)

Circulation dates and Values

Update 2011. Values are in Euro.
Date Mintage x1000 Rarity Value VF Value XF Value UNC
1958 24.240 C 7 8 15
1959 19.360 C 7 8 15
1960 24.080 C 7 8 15
1961 6.560 C 9 15 30
1964 4.880 C 7 9 20
1965 3.120 C 7 9 20
1966 13.120 C 7 7 12
1967 2.480 C 7 7 12
.......................

Read about values in Ialian Coins page.

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