Watch List notes:

ITALY

Vittorio Emanuele III, 1900-1946. 100 Lire 1923 R, Roma. Anniversary of Fascist Government. Obv. Head left. Rev. Fasces and axe. Fr. 30; KM 65. AU 32.25 g.

Matte PROOF
Marking the initial year of Fascist control in Italy.