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 (KM 54; Mont.34), in PCGS holder, graded MS61.

Estimate: £800 - £1,000