Collection › Italy › #716
1 Lira Lira
P-P-M15a
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Where & when
What's on the note
Front: Allied Military Currency issued for use in Italy during and immediately after World War II. This 1 Lira note was part of the occupation currency series prepared by the Allied forces following the invasion of Sicily and mainland Italy in 1943. The note features entirely guilloche patterns with no portraits, reflecting the military administration's practical approach to emergency currency issue during wartime. Inscribed 'ALLIED MILITARY CURRENCY' at top.
Back: Reverse design prominently displays 'ISSUED IN ITALY' and 'SERIES 1943' with the denomination '1 LIRA' in large black text at center. The serial number A60126533A appears in red at bottom. Corner numerals '1' appear in each corner. The note is surrounded by a decorative guilloche border in blue-green with ornamental corner elements. This utilitarian design was typical of Allied Military Government currency, printed rapidly for occupation zones to provide stable currency while preventing use of Axis-controlled money.
How it was made
Security features: intaglio,microprint
Italy in Europe
Italy in Europe. Other countries on the same continent shown in muted grey.
Background & history
The Allied Military Currency (AM-lire) Series 1943 was issued by the Allied Military Government for Occupied Territories (AMGOT) during the Allied invasion and occupation of Italy following the successful Sicily campaign in July 1943. These notes were printed by the U.S. Bureau of Engraving and Printing and the British printers, circulating alongside (and eventually displacing) Italian Fascist currency. The AM-lire remained in circulation through the immediate post-war period until withdrawn in 1946, when the newly established Italian Republic restored the regular Italian lira. The 1 Lira denomination was the lowest value in the series. These notes are significant artifacts of WWII military occupation economics and the transition from Fascist to Republican Italy. Denominations ranged from 1 to 1000 lire, all following the same basic design template with variations in color and size. The serial number format with red printing and prefix/suffix letters (here 'A...A') is characteristic of this series.
Collector references
How it came to me
Note shows circulation with visible vertical and horizontal folds, some soiling and edge wear. Paper retains structural integrity with no tears or missing pieces. Typical for a WWII military currency note that saw active use during the Italian campaign.
What it's worth now
Valuation history (1)
| date | low | high | currency | source | note |
|---|---|---|---|---|---|
| 2026-05-10 09:35:47 | 5.0 | 15.0 | USD | ai | from claude-sonnet-4-5 |
History & extractions
AI extractions (1)
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