An Italy 20 Lire Commemorative (Silver) contains 0.3858 troy oz of pure silver, worth $20.85 at today's spot price.
Italy struck the 20 Lire Commemorative silver coin in 1928 in 60% silver. Each coin weighs 20 g and holds 0.3858 troy oz (12.000 g) of pure silver.
Melt values use these spot prices (US dollars):
- Silver $54.05 per troy oz Current quote · Quote time Oct 24, 2:49 AM EDT
Some prices could not be refreshed recently and may be out of date.
Melt value is the metal content at spot price, not a buy or sell price. Collectible coins can be worth much more. For reference only.
Specifications
| Years | 1928 |
|---|---|
| Face value | 20 Lire Commemorative |
| Composition | 60% silver |
| Gross weight | 20 g |
| Fineness | .600 (60%) |
| Pure metal | 0.3858 troy oz (12 g) |
How the melt value is worked out
Melt value is the pure silver in the coin multiplied by the spot price. We use the coin's standard minted weight; worn coins weigh slightly less.
-
20 g × .600 fine ÷ 31.1035 g per troy oz = 0.3858 troy oz
0.3858 troy oz × $54.05 spot = $20.85
Melt value vs. collector value
Melt value is a floor, not a price. Better dates, coins with mint luster and graded coins often sell well above melt; key dates and rare varieties can be worth many times more. Check the date and mint mark before selling a coin for its metal.