Watch List notes:

ITALY: Vittorio Emanuele III, 1900-1946, 25 centesimi, 1903-R, KM-36, scarce two year type, PCGS graded AU58. This type was demonetized in 1908 and 13,353,145 coins of both dates were withdrawn between 1904 to 1908 with only 315,854 remaining outstanding making this a less encountered type.

Estimate: 75-100 USD