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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 kitco.com 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
Last review by CoinQuest: 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 italiana italians italian ditalia italiane italia itali lira lyre chariot 4 horses horse lady woman goddess god elm twig branch sitting seat column mountie mounted mount equestrian rider pony horsehead riding horseman ride horseback equestres stallion femal women female feminine fem womans females womens ladys princess ladies gods deus deum dei deity godess devm deo dom divine dios twigs stalks spray sprig limb stick sprays sprigs branching stalk branches branched sticks stool sit sitted sits seated piller pillars columns upright pillar republica republic quadriga repub repbulique republik republ republican republicas republicia reipvblicae republiove republiek repvbliqve republique repvbblica republika rebublique repvblica republicans repvblique helmet hat star starburst helmeted hood caps headband hooded bonnet cap helmit helmets headdress starrs stars burst

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Fri, 26-May-2017 01:38:21 GMT, unknown: 17838447