Italy 20 Lire 1923 Victor Emmanuel III
The average price of the 20 Lire 1923 coin is $913 as of March 8, 2026. This data is based on an analysis of 552 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 | $1,020 |
| 2024 | $870 |
| 2023 | $917 |
| 2022 | $986 |
| 2021 | $969 |
Sales chart

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) 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.
Roccaro Collezioni
- DateApril 29, 2025
- Starting price
- Selling price—
Lot 198 Vittorio Emanuele III, 1900-1943, 20 lire 1923 fascetto, Au, periziato Tevere
Rif. Gig. 34 - Rarità R
Grading/Status: SPL+
Katz Auction
- DateApril 16, 2025
- Starting price
- Selling price—
Lot 798 Italy 20 Lire 1923 R
KM# 64, N# 21252; Gold (.900) 6.44 g.; Vittorio Emanuele III; Rome Mint; 1st Anniversary of the Fascist Government of Italy and of the March on Rome; Mintage 20000 pcs.; XF+
Katz Auction
- DateApril 16, 2025
- Starting price
- Selling price
Lot 798 Italy 20 Lire 1923 R KM# 64, N# 21252; Gold (.900) 6.44 g.; Vittorio Emanuele III; Rome Mint; 1st Anniversary of the Fascist Government of Italy and of the March on Rome; Mintage 20000 pcs.; XF+
InAsta S.p.A.
- DateApril 15, 2025
- Starting price
- Selling price—
Lot 521 SAVOIA - Vittorio Emanuele III (1900-1943) - 20 Lire 1923 Fascetto Pag. 670; Mont. 55 R (AU g. 6,45)
Grading/Status: qFDC
InAsta S.p.A.
- DateApril 15, 2025
- Starting price
- Selling price
Lot 2366 SAVOIA - Vittorio Emanuele III (1900-1943) - 20 Lire 1923 Fascetto Pag. 670; Mont. 55 R (AU g. 6,45)
Grading/Status: qSPL
Nomisma Spa
- DateApril 10, 2025
- Starting price
- Selling price—
Lot 871 Vittorio Emanuele III (1900-1946) 20 Lire 1923 - Nomisma 1082 AU R Sigillata SPL da Eupremio Montenegro. Ex Inasta Asta 52 del 2013, lotto 1786
Grading/Status: SPL+
GMA Numismatica Napoli srl
- DateApril 3, 2025
- Starting price
- Selling price—
Lot 560 REGNO D'ITALIA. Vittorio Emanuele III (1900-1943). 20 Lire 1923. AU. Gig.34. R Da montatura.
Grading/Status: BB
Notes
Diritti d'Asta: 18%
Astarte S.A.
- DateMarch 30, 2025
- Starting price
- Selling price
Lot 691 Italy. Roma (Kingdom of Italy under the House of Savoy). Vittorio Emanuele III, 1900-1943. 20 Lire (Gold, 20.84 mm, 6.47 g). 1923. Head of king on the left. Rev. Fascio littorio. MIR 1127a. Pagani 670. KM 64. Minor marks. Good Very Fine.
Nomisma Aste
- DateMarch 23, 2025
- Starting price
- Selling price—
Lot 853 Vittorio Emanuele III (1900-1946) 20 Lire 1923 - Nomisma 1082 AU R
Grading/Status: SPL-FDC
Aurora Numismatica
- DateMarch 18, 2025
- Starting price
- Selling price—
Lot 257 Regno d'Italia, Vittorio Emanuele III (1900-1943), 20 Lire 1923, Rara Au 21 mm, 6,45 g, di gran qualità, in Slab NGC MS63
Aurora Numismatica
- DateMarch 18, 2025
- Starting price
- Selling price—
Lot 256 Regno d'Italia, Vittorio Emanuele III (1900-1943), 20 Lire 1923, Rara Au 21 mm, 6,45 g, in Slab NGC AU58
Nomisma Spa
- DateMarch 12, 2025
- Starting price
- Selling price—
Lot 5018 Vittorio Emanuele III (1900-1946) 20 Lire 1923 - Nomisma 1082 AU R Minimi graffietti
Grading/Status: qFDC
Nomisma Spa
- DateMarch 12, 2025
- Starting price
- Selling price—
Lot 5017 Vittorio Emanuele III (1900-1946) 20 Lire 1923 - Nomisma 1082 AU R Dalla nostra asta 45, lotto 2626
Grading/Status: SPL/SPL+
Roccaro Collezioni
- DateFebruary 15, 2025
- Starting price
- Selling price—
Lot 176 Vittorio Emanuele III, 1900-1943, 20 lire 1923 fascetto, Au, periziato Tevere
Rif. Gig. 34 - Rarità R
Grading/Status: SPL+
Nomisma Spa
- DateJanuary 22, 2025
- Starting price
- Selling price—
Lot 1089 Vittorio Emanuele III (1900-1946) 20 Lire 1923 - Nomisma 1082 AU R
Grading/Status: SPL+
St James’s Auctions
- DateJanuary 15, 2025
- Starting price
- Selling price
Lot 307 Italy, gold 20 lire, 1923-R, ‘First Anniversary of Fascist Government’ issue, Vittorio Emanuele III, Bare Head left, rev. fasces at center attached to axe head on right, reeded edge (KM.64), certified and graded by NGC as Mint State 64, a beautiful example of this very rare coin (20,000 minted), smooth satiny lustre and really bold in all details, blemish-less high narrow rims, one of the finest of this very rare one-year type to be found anywhere
Hatria Numismatica
- DateDecember 18, 2024
- Starting price
- Selling price
Lot 796 Regno d'Italia. Vittorio Emanuele III (1900-1943). 20 lire 1923 Au. Gigante, 34. Rara. SPL





















