Watch List notes:

(g) Italy, Vittorio Emanuele III (1900-46), 50-Lire, 1911 R, Rome, 50th Anniversary of the Kingdom, bare head left, rev. Personification of Rome and Italy in foreground, steamliner behind (Montenegro 34; KM 54), in PCGS holder, graded MS61.

Estimate: 900 - 1100