Bank.notes

Collection Italy #713

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10 Lire ITL

Italy 1900_1945 VG P-25c Needs review ✦ AI 88%
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Front · IMG_6742.jpeg cropped
Back · IMG_6743.jpeg cropped
Pair check: not yet checked
Identity

Where & when

Country Italy
Currency ITL
Denomination 10 Lire
Series name Biglietto di Stato (State Notes)
Series year
Issue year
Era 1900_1945
Legal status demonetized
Predecessor currency
Successor currency Allied Military Currency
Subjects & design

What's on the note

Front portrait Victor Emmanuel III
Reverse subject Industrial machinery and themes
Watermark
Color palette #d4c5a0,#4a4a3a,#8b7355
Themes monarch,industry
Language / script Latin

Front: Victor Emmanuel III (1869–1947), King of Italy from 1900 to 1946, who ruled during both World Wars and aligned Italy with fascism under Mussolini. His portrait appears on the back of this note. The front features industrial imagery including power transmission towers, electrical generators, and a ship, symbolizing Italy's industrial modernization under the fascist regime. The inscription 'DECRETO MINISTERIALE 3 OTTOBRE 1940' indicates this design was authorized by ministerial decree of October 3, 1940. Text at bottom references 'LA LEGGE PUNISCE I FABBRICATORI E GLI SPACCIATORI DI BIGLIETTI FALSI' (the law punishes makers and distributors of counterfeit notes).

Back: The reverse features the profile portrait of Victor Emmanuel III facing right, with the text 'REGNO D'ITALIA BIGLIETTO DI STATO A CORSO LEGALE' (Kingdom of Italy State Note with Legal Tender) and denomination 'DIECI LIRE' (Ten Lire). The design includes checkered ornamental patterns and the Savoy coat of arms. The text confirms this is a state note (Biglietto di Stato) issued directly by the Kingdom rather than by the central bank.

Production

How it was made

Issuer Regno d'Italia
Issuer (native) REGNO D'ITALIA
Printer Officina della Banca d'Italia
Engraver
Material paper
Dimensions (mm)

Security features: intaglio,microprint

Geography

Italy in Europe

Italy in Europe. Other countries on the same continent shown in muted grey.

The story

Background & history

This 10 Lire note belongs to the Biglietto di Stato series issued by the Kingdom of Italy during World War II. The 'DECRETO MINISTERIALE 3 OTTOBRE 1940' visible on the front indicates this particular design variant was authorized in October 1940, during Italy's participation in WWII as part of the Axis powers. State notes (Biglietti di Stato) were issued directly by the government alongside central bank notes (Biglietti della Banca d'Italia). These notes circulated during the fascist period under Mussolini and were eventually replaced by Allied Military Currency after Italy's surrender in 1943. The industrial imagery reflects the regime's emphasis on modernization and autarky. Printed by the Officina della Banca d'Italia (Printing Office of the Bank of Italy). This specific variant (P-25c) is distinguished by the October 1940 decree date.

Catalogue

Collector references

Pick # 25c
Krause ID
Rarity tier common
Series range 1939–1943
Provenance

How it came to me

Acquired date
Acquired from
Acquired price
Currency
Condition
Grade VG
Serial number

Note shows significant circulation with staining, discoloration, and a pink ink mark on the reverse. Paper appears worn but intact with visible fold marks.

Valuation

What it's worth now

$5–$15
Type default range $5–$15
Valuation history (1)
datelowhighcurrencysourcenote
2026-05-10 09:35:16 5.0 15.0 USD ai from claude-sonnet-4-5
Technical

History & extractions

AI extractions (2)
anthropic · claude-opus-4-5 2026-05-10 09:35:16
status: ok · step 2 · $0.1963 · 7379↓ + 1141↑ tokens
anthropic · claude-sonnet-4-5 2026-05-10 09:35:16
status: ok · step 1 · $0.0417 · 7379↓ + 1306↑ tokens
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