Italy 500 Lire  1961
Italy 500 Lire 1961

Yes, your coin is made of silver, Marty. That fact gives your coin intrinsic value, even though it is a fairly modern coin. The catalogs say that the coin contains 0.295 troy ounces of pure silver which, today, is selling at $22.50 US dollars per troy ounce. So the base value (BV) of your coin is 0.295 x $17.70 = $6.64.

The value of silver changes every day. Look it up at and then compute BV using the formula above.

In addition to the base value, there are other more subjective factors such artistic beauty and sentimental value. Unlike standard collectible coins, there is no value from rarity. The same catalog says that 27+ million of these coins were minted.

worn: BV
average circulated: BV
well preserved: BV + $5 US dollars
fully uncirculated: BV + $10 US dollars

If you were to sell your coin to a collectibles dealer, he or she must make a profit to stay in business. Figuring that a coin like this would require a 100% markup, the dealer would probably pay between one-half to two-thirds of BV for it.

Coin: 1518 , Genre: Central Europe North South
Requested by: marty, Sun, 11-Oct-2009 16:37:30 GMT
Answered by: Paul, Sat, 18-May-2013 22:45:47 GMT
Reviewed by CoinQuest. Appraisal ok. Use the current value of silver., Thu, 07-May-2015 23:33:07 GMT
Requester description: 1961 has a chariot pulled by 4 horses 1861 at top and 1961 at botttom L 500 R other side has lady goddess holding out elm twig sitting on column
Tags: italy 500 lire itialy italiana italians intaly italian ditalia italiane italia itali chariot 4 horses horse lady woman goddess god elm twig branch sitting sit column pony horsehead hores horseback stallion empress lsdy femal women female feminine womans girls females womens ladys princess girl ladies gods deity godess twigs sprig braches limb sprays sprigs branching branches branched sits columns upright republica republic repubblica quadriga repub repbulique republik repcblique repuika republ republicas republicia reipvblicae reublico republiove republiek repvbliqve republique rupublica repvbblica republika replucique rebublique repvblica replublica republicans republka repvblique repbublic pillar helmet stalk star starburst helmeted helmit helmets starrs stars burst




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