An Italy 20 Lire (80% Silver, 1927–1934) contains 0.3858 troy oz of pure silver, worth $20.85 at today's spot price.
Italy struck the 20 Lire silver coin from 1927 to 1934 in 80% silver. Each coin weighs 15 g and holds 0.3858 troy oz (12.000 g) of pure silver. The lira was also used in Eritrea, Italian Somaliland, San Marino, Syria, Turkey and Vatican City.
Melt values use these spot prices (US dollars):
- Silver $54.05 per troy oz Current quote · Quote time Oct 25, 2:59 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Some prices could not be refreshed recently and may be out of date.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 | 1927–1934 |
|---|---|
| Face value | 20 Lire |
| Composition | 80% silver |
| Gross weight | 15 g |
| Fineness | .800 (80%) |
| 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.
-
15 g × .800 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.