Italy 20 Lire 1927-1928 [Resolvido]

Hi there,

Just curious why Italy 20 lires 1927-1928 (https://en.numista.com/catalogue/pieces7191.html) are valued so high? According to NGC world price guide (which relies on Krause Publications data) price of XF 20 lira 1927 is ~$400 (https://www.ngccoin.com/price-guide/world/italy-20-lire-km-69-1927-1934-cuid-1126226-duid-1473427), but mintage of this coin in 1927 is 3 518 000.

Got one for my collection: https://imgur.com/a/6CUSqtO. Bit dirty, but details seem to be almost intact.

This is in general a pretty-sought after type for modern Italian numismatics; alongside the commemorative 1928 20 Lire this type is just affordable for most collectors, and it sits right on the threshold between mundane Italian coins of the era, and the other, incredibly exclusive gold and silver commemoratives of the fascist era, with only a few thousand/hundred mintages for each year.

But even after having said that I think NGC is overpricing here. In Italy I see this type being sold from around 100 euro; my own example in perizia I got for 110 euro in Milan. When I put it up for grading and evaluation here I got answers of VF-XF, so my purchase is still at least around 60 euro cheaper than the value for VF that NGC quotes (200 USD/ 172 euro).

Almost all coins of that type you find are copies. It is actually one of the most faked Italian coin.
the fakes are very well made too so that puts buyers of buying this type of coin if not from a reputable source.

Here the description with three types of known copies http://numismatica-italiana.lamoneta.it/moneta/W-VE3/40

Citação: "CassTaylor"​This is in general a pretty-sought after type for modern Italian numismatics; alongside the commemorative 1928 20 Lire this type is just affordable for most collectors, and it sits right on the threshold between mundane Italian coins of the era, and the other, incredibly exclusive gold and silver commemoratives of the fascist era, with only a few thousand/hundred mintages for each year.
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​But even after having said that I think NGC is overpricing here. In Italy I see this type being sold from around 100 euro; my own example in perizia I got for 110 euro in Milan. When I put it up for grading and evaluation here I got answers of VF-XF, so my purchase is still at least around 60 euro cheaper than the value for VF that NGC quotes (200 USD/ 172 euro).​
​

Thank you for the information. I read on the internet that not all the coins from 3.5 mil mintage were released into circulation, I thought that could be one of the reasons why the coin is so pricey. I mean I bought mine for $100 and it's one of the most expensive non-US coins I own.

Citação: "apuking"​Almost all coins of that type you find are copies. It is actually one of the most faked Italian coin.
​the fakes are very well made too so that puts buyers of buying this type of coin if not from a reputable source.

Thank you for the information. I compared to the pictures, I think mine seems to be legit. Bought at my local coin shop. Weight 15.04 g, look and sounds like silver.

Citação: "Southern"​
​Thank you for the information. I read on the internet that not all the coins from 3.5 mil mintage were released into circulation, I thought that could be one of the reasons why the coin is so pricey. I mean I bought mine for $100 and it's one of the most expensive non-US coins I own.

That's probably true as well. ​I remember reading somewhere that quite a lot of the original 20 lire's mintage was melted down in the mid 1930s to finance Mussolini's 1935 invasion of Abyssinia (Ethiopia) in addition to that, so it's likely the surviving population of this date is around or even well below half of the 3.5 million figure.

In addition, Italians have a much more developed collector base than most other countries.
In a purely numerical sense, but also in a scientific sense. With the amount of history that can be learned through coins, their striking and the images they bear it shouldn't be surprising that there is even the possibility of getting a degree in Numismatics at U. of Firenze.