1 lira = 100 centisimi
No mintmark on circulating coins
Centisimo(i): none / Lira(e): 1, 2, 5, 10, 20, 50, 100, 200, 500, 1000
On January 1, 1999, the European Monetary Union introduced the
as a common currency to be used by the financial institutions of
member countries; Three years later, on 1 January 2002, the euro became the sole currency for everyday transactions
with the member countries
Italy became a nation-state in 1861 when the city-states of the peninsula, along with Sardinia
and Sicily, were united under King Victor EMMANUEL II. An era of parliamentary government came to a close in the
early 1920s when Benito MUSSOLINI established a Fascist dictatorship. His disastrous alliance with Nazi Germany
led to Italy's defeat in World War II. A democratic republic replaced the monarchy in 1946 and economic revival
followed. Italy was a charter member of NATO and the European Economic Community (EEC). It has been at the
forefront of European economic and political unification, joining the Economic and Monetary Union in 1999.
||Austria 430 km, France 488 km, Holy See (Vatican City) 3.2 km, San Marino 39 km, Slovenia 232 km, Switzerland 740 km
||Population: 58,057,477 (July 2004 est.)
GDP per capita: $ 26697.68
The Italian word for mint is "zecca", and may have been derived from the Arabic word "sikka". From
it we get "zecchino", a coin denomination, which became corrupted to sequin. The origins of the Mint
date back to the Roman age, specifically to 269 B.C. when the first silver coins were struck. It
became a part of the Istituto Poligrafico dello Stato in 1978 and its activities in Rome are
currently carried out in two plants: the historical works located at via Principe Umberto-
inaugurated on December 27, 1911, in the presence of King Victor Emmanuel III - and the fully
refurbished works in Via Gino Capponi, that became operational in 1999.
In addition to its tasks within the institutional and exclusive context of national coinage,
it is also entrusted with the coinage of the legal tender of a number of foreign countries. It
also deals with the minting of medals, badges, stamps, seals, punches and metal labels, which the
Mint supplies to both the State Administration and private parties. Furthermore, the Mint produces
a broad selection of art works, ranging from coins and medals for collectors, and small- and
large-size sculptures, to enamels and art casts.
The Mint - which continues the invaluable techniques and craftsmanship of the past, and the
exquisite tradition of Italian craftsmanship, where art and technology go together with quality
and advanced specialization - has executed the works of great master-engravers such as Pericle
Fazzini, Emilio Greco, Aligi Sassu, Pietro Annigoni, Bino Bini, and Ugo Attardi.The I.P.Z.S.
promotes and provides for the training of young artists, who represent countries and Mints from
all over the world, through its "School of the Art of Medal-making". This veritable laboratory of
fine arts has been operational since 1907 and has always been connected with the productive work
of the Mint.