Italy 20 Lire 1923 Victor Emmanuel III
The average price of the 20 Lire 1923 coin is $908 as of January 21, 2026. This data is based on an analysis of 582 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 1923, a detailed comparison of individual specimens is required, considering die varieties and grade.
Average price
| Year | Price |
|---|---|
| 2025 | $971 |
| 2024 | $893 |
| 2023 | $948 |
| 2022 | $988 |
| 2021 | $959 |
Sales chart

Jean ELSEN & ses Fils s.a.
- DateNovember 6, 2025
- Starting price
- Selling price
Lot 2059 ITALIE, Royaume, Victor Emmanuel III (1900-1946), AV 20 lire, 1923. M. 55; G. 34; Fr. 31. Rare. Fines griffes. Très Beau Very Fine
Varesi
- DateNovember 5, 2025
- Starting price
- Selling price
Lot 317 VITTORIO EMANUELE III (1900-1946) 20 Lire 1923 "fascetto", Roma MIR 1127a Pagani 670 Au 6,45 g circa 21 mm • In slab NGC MS63
Varesi
- DateNovember 5, 2025
- Starting price
- Selling price—
Lot 319 VITTORIO EMANUELE III (1900-1946) 20 Lire 1923 "fascetto", Roma MIR 1127a Pagani 670 Au 6,45 g 21 mm SPL
Varesi
- DateNovember 5, 2025
- Starting price
- Selling price—
Lot 318 VITTORIO EMANUELE III (1900-1946) 20 Lire 1923 "fascetto", Roma MIR 1127a Pagani 670 Au 6,45 g 21 mm • Graffietti al D/ BB/q.SPL
Art-Rite S.r.l.
- DateSeptember 25, 2025
- Starting price
- Selling price
Lot 202 VITTORIO EMANUELE III (1900-1943) - 20 lire 1923, fascetto, Roma. Oro, 6,47 gr. Dritto: Testa nuda a sinistra; - Rovescio: Fascio littorio. Gigante 34 Raro m.BB/q.SPL
Numismatica Ferrarese
- DateSeptember 13, 2025
- Starting price
- Selling price—
Lot 1088 Vittorio Emanuele III (1900-1943) - 20 Lire Fascetto 1923 - Au .900 - RARA - Gigante 34
Grading/Status: qSPL
Notes
SHIPPING ONLY IN ITALY
Nomisma Spa
- DateSeptember 5, 2025
- Starting price
- Selling price
Lot 1909 Vittorio Emanuele III (1900-1946) 20 Lire 1923 - Nomisma 1051 AU R Dalla nostra asta 56, lotto 1992
Grading/Status: qFDC
Sartor Numismatica
- DateJune 27, 2025
- Starting price
- Selling price—
Lot 248 Savoia - Vittorio Emanuele III (1900-1946) 20 Lire 1923 Fascetto - MIR 1127a Gig. 34 Au 6,45 g R • Minimo colpetto al bordo.
Grading/Status: m. di SPL
San Martino
- DateJune 7, 2025
- Starting price
- Selling price—
Lot 587 Regno D'italia, Vittorio Emanuele III (1900 - 1943) - 20 Lire, 1923, Au, gr. 6,47, R, GIG 34,
Grading/Status: SPL
Bolaffi S.p.A.
- DateJune 5, 2025
- Starting price
- Selling price
Lot 1489 Vittorio Emanuele III (1900-1946) 20 Lire Fascio 1923 - Zecca: Roma - Diritto: effigie del Re a sinistra - Rovescio: fascio littorio con scure a destra - gr. 6,45 - q.FDC (Bol. n. R63) (Gig. n. 34) (Mont. n. 55) (Pag. n. 670)
Bolaffi S.p.A.
- DateJune 5, 2025
- Starting price
- Selling price
Lot 1493 Vittorio Emanuele III (1900-1946) 20 Lire Fascio 1923 - Zecca: Roma - Diritto: effigie del Re a sinistra - Rovescio: fascio littorio con scure a destra - gr. 6,44 - SPL (Bol. n. R63) (Gig. n. 34) (Mont. n. 55) (Pag. n. 670)
Bolaffi S.p.A.
- DateJune 5, 2025
- Starting price
- Selling price
Lot 1492 Vittorio Emanuele III (1900-1946) 20 Lire Fascio 1923 - Zecca: Roma - Diritto: effigie del Re a sinistra - Rovescio: fascio littorio con scure a destra - Sigillata ("SPL") (Bol. n. R63) (Gig. n. 34) (Mont. n. 55) (Pag. n. 670)
Cambi Aste
- DateMay 28, 2025
- Starting price
- Selling price
Lot 529 REGNO D'ITALIA. VITTORIO EMANUELE III DI SAVOIA, 1900-1946.20 Lire 1923. Fascetto.Testa a s. R/ Fascio littorio con ascia sormontata da testa di montone. Gig. 34. Rara. (g. 6,45). Diam. mm. 20,85. Oro. Lievi graffi. q.SPLSigillata Angelo Bazzoni (SPL)
Cambi Aste
- DateMay 28, 2025
- Starting price
- Selling price
Lot 530 REGNO D'ITALIA. VITTORIO EMANUELE III DI SAVOIA, 1900-1946.20 Lire 1923. Fascetto.Testa a s. R/ Fascio littorio con ascia sormontata da testa di montone. Gig. 34. Rara. g. 6,43. Diam. mm. 20,82. Oro. BB/SPL
Numismatica Ferrarese
- DateMay 17, 2025
- Starting price
- Selling price—
Lot 955 Vittorio Emanuele III (1900-1943) - 20 Lire Fascetto 1923 - Au .900 - RARA - Gigante 34
Grading/Status: qSPL
Notes
SHIPPING ONLY IN ITALY
Dorotheum GmbH & Co KG
- DateMay 14, 2025
- Starting price
- Selling price
Lot 507 Vittorio Emanuele III. 1900-1946 GOLD 20 Lire 1923 R, Rom, zum 1, Jahrestag des faschistischen Marsches auf Rom, Fb. 31, =6,41 g= II-/II
Varesi
- DateMay 6, 2025
- Starting price
- Selling price—
Lot 652 VITTORIO EMANUELE III (1900-1946) 20 Lire 1923 "Fascetto", R, Roma MIR 1127a Pagani 670 Au 6,44 g 21 mm • Hairlines e un graffietto al D/ SPL/FDC
Artemide Aste s.r.l.
- DateMay 3, 2025
- Starting price
- Selling price
Lot 1153 Vittorio Emanuele III (1900-1943). 20 lire 1923 fascetto. Pag. (decimali) 670; MIR (Savoia) 1127a. AU. 6.46 g. 21 mm. R. SPL+.
Heritage Auctions
- DateMay 1, 2025
- Starting price
- Selling price
Lot 31255 Vittorio Emanuele III gold 20 Lire 1923-R MS64 NGC, Rome mint, KM64, Fr-31. A one-year type commemorating the first anniversary of the Fascist government. An offering with beautifully satiny fields and an aged champagne hue. Ex. Heritage Auctions #3118 (August 2024, Lot 34744); 3053 (January 2017, Lot 37456) HID05401242017 © 2024 Heritage Auctions | All Rights Reserved www.HA.com/TexasAuctioneerLicenseNotice
Heritage Auctions
- DateMay 1, 2025
- Starting price—
- Selling price
Lot 31255 Vittorio Emanuele III gold 20 Lire 1923-R MS64 NGC, Rome mint, KM64, Fr-31. A one-year type commemorating the first anniversary of the Fascist government. An offering with beautifully satiny fields and an aged champagne hue. Ex. Heritage Auctions #3118 (August 2024, Lot 34744); 3053 (January 2017, Lot 37456) Metal: Gold Diameter: 21mm Weight: 6.4516g AGW: 0.1867oz Melt Value: $604.72 Gold Spot: $3,239/oz (05-02-2025) Mintage: 20,000 Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.







