Italy 20 Lire 1903 Victor Emmanuel III
The average price of the 20 Lire 1903 coin is $2,347 as of January 21, 2026. This data is based on an analysis of 165 auction sales. The sample may include coins from other years or varieties in different conditions, so this is an approximate estimate. For an accurate valuation of the 20 Lire 1903, a detailed comparison of individual specimens is required, considering die varieties and grade.
Average price
| Year | Price |
|---|---|
| 2025 | $2,340 |
| 2024 | $2,318 |
| 2023 | $2,177 |
| 2022 | $2,351 |
| 2021 | $2,834 |
Sales chart

Heritage Auctions
- DateApril 10, 2014
- Starting price—
- Selling price
Lot 25340 Vittorio Emanuele III gold 20 Lire 1903-R, Rome mint,
KM37.1, Fr-24, AU58 PCGS. Strong, with delightfully prooflike
surfaces and very pleasing orange-gold patination. There is some
evidence of minor handling with two darkened obverse spots and
faint hairlines within the fields. A nice example of this scarce
date with a mintage of only 1,800 pieces.
Numismatica Ars Classica, Zurich
- DateDecember 10, 2013
- Starting price
- Selling price
Lot 368 Monete di zecche italiane Savoia Vittorio Emanuele III, 1900-1946. Da 20 lire 1903. Pagani 663. MIR 1125c. Molto rara. Spl
Bolaffi S.p.A.
- DateDecember 6, 2013
- Starting price
- Selling price
Lot 801 Vittorio Emanuele III (1900-1946) 20 Lire Aquila Sabauda 1903 Zecca: Roma
Bolaffi S.p.A.
- DateDecember 6, 2013
- Starting price
- Selling price
Lot 800 Vittorio Emanuele III (1900-1946) 20 Lire Aquila Sabauda 1903 Zecca: Roma
Bolaffi S.p.A.
- DateDecember 6, 2013
- Starting price
- Selling price
Lot 799 Vittorio Emanuele III (1900-1946) 20 Lire Aquila Sabauda 1903 Zecca: Roma
Roma Numismatics Ltd.
- DateSeptember 29, 2013
- Starting price
- Selling price
Lot 302 Vittorio Emanuele, III Re d'Italia (1900-1943). AV 20 Lire 1903, Roma. VITTORIO EMANUELE III Testa a sinistra; sotto, nel giro, SPERANZA / REGNO D'ITALIA Aquila coronata ad ali spiegate; sotto, nel giro, valore, R e data tra nodi Savoia. Pagani 663. MIR 1125c (R2). Montenegro 45 (R2). Friedberg 24. Molto Rara. SPL.
Bolaffi S.p.A.
- DateMay 23, 2013
- Starting price
- Selling price
Lot 917 20 Lire Aquila Sabauda 1903 Zecca: Roma Fronte: effigie del Re a sinistra - Retro: aquila coronata ad ali spiegate con stemma sabaudo in petto - Millesimo raro - (Bol. n. R37 - P 75) (Gig. € 1300/4000) (Mont. € 1500/5500) (Pag. n. 663
Varesi
- DateApril 30, 2013
- Starting price
- Selling price
Lot 981 SAVOIA VITTORIO EMANUELE III (1900-1946) 20 Lire 1903 Roma "aquiletta". Pag. 663 MIR 1125c Au Molto rara SPL
Stack's Bowers
- DateJanuary 9, 2013
- Starting price
- Selling price—
Lot 2477 ITALY. 20 Lire, 1903-R. PCGS MS-62. Fr-24; KM-37.1; Gig-26. Mont-45. Mintage of only 1800 pieces. Estimate: $3,000 - $5,000. PCGS MS-62.
Bolaffi S.p.A.
- DateDecember 6, 2012
- Starting price
- Selling price
Lot 981 20 Lire Aquila Sabauda 1903 Zecca: Roma - Fronte: effigie del Re a sinistra - Retro: aquila coronata ad ali spiegate con stemma sabaudo in petto - Millesimo raro - (Bol. n. R37 - P 75) (Gig. € 1300/4000) (Mont. € 1500/5500) Pag. n. 663
Numismatica Ars Classica, Zurich
- DateDecember 4, 2012
- Starting price
- Selling price
Lot 445 Savoia Da 20 lire 1903. Pagani 663. MIR 1125c. Friedberg 24. Molto rara. Fdc
Varesi
- DateNovember 22, 2012
- Starting price
- Selling price
Lot 813 VITTORIO EMANUELE III (1900-1946) 20 Lire 1903 Roma "aquiletta". Pag. 663 Au Molto rara SPL÷FDC
Nomisma Spa
- DateOctober 27, 2012
- Starting price
- Selling price
Lot 1842 Vittorio Emanuele III (1900-1946) 20 Lire 1903 – Pag. 663; Mont. 45 AU RR qFDC
Numismatica Ranieri S.r.l.
- DateNovember 11, 2011
- Starting price
- Selling price
Lot 627 Monete di Casa Savoia VITTORIO EMANUELE III Vittorio Emanuele III, 1900-1943. 20 Lire 1903 “Aquila araldica”. Au Testa nuda a s. Rv. Aquila coronata ad ali spiegate con scudo sabaudo a cuore. Pag. 663; Gig. 26. Molto Raro. Fdc
Numismatica Ars Classica, Zurich
- DateJune 7, 2011
- Starting price
- Selling price
Lot 483 Monete di zecche italiane Savoia Vittorio Emanuele III, 1900-1946. Da 20 lire 1903. Pagani 663. MIR 1125c. Rara. q.Fdc
Fritz Rudolf Künker GmbH & Co. KG
- DateMarch 10, 2010
- Starting price
- Selling price
Lot 3949 EUROPÄISCHE GOLDMÜNZEN UND -MEDAILLEN ITALIEN KÖNIGREICH ITALIEN Victor Emanuel III., 1900-1946. 20 Lire 1903 R, Rom. 5,81 g Feingold. Fb. 24; Pagani 663; Schl. 82. Nur 1.800 Exemplare geprägt. VorzüglichStempelglanz
UBS
- DateJanuary 19, 2010
- Starting price
- Selling price—
Lot 1034 EUROPA ITALIEN Königreich Vittorio Emanuele III. 1900-1944. 20 Lire 1903, Roma. 6,45 g. Pag. 663. Schl. 82. Fr. 24. Vorzüglich-FDC.
UBS
- DateSeptember 8, 2009
- Starting price
- Selling price—
Lot 1776 ITALIEN Königreich 20 Lire 1903, Roma. 6,45 g. Pag. 663. Schl. 82. Fr. 24. Winz. Rdf. Vorzüglich-FDC.
Stack's Bowers
- DateJanuary 12, 2009
- Starting price—
- Selling price
Lot 4309 ITALY. Kingdom. Vittorio Emanuele III, 1900-1946. 20 Lire, 1903 R. Roma. Young head l. of numismatist-King. Rv. Eagle of Savoy. KM 37.1. Boldly prooflike fields show evidence of careless handling, some edge roughness. In strict terms of wear, this rare coin must be called About Uncirculated. (2,000-2,500) Every effort has been made to ensure the integrity of the data but transcription and other errors may have occurred. Before using this information to make a buying or selling decision, confirm the data by consulting the actual sales catalog and prices realized. Stack’s Bowers Galleries disclaims any liability from the use of this information.
UBS
- DateSeptember 5, 2007
- Starting price
- Selling price—
Lot 2139 ITALIEN Königreich Für Eritrea 20 Lire 1903, Roma. 6,47 g. Pag. 663. Schl. 82. Fr. 24. Selten. Kl. Kr. Vorzügliich.





