Description:
 
Obverse
Bald head of king Vittorio Emanuele III facing left.
Reverse
Allegorical female figure symbolizing Italy, leading with her right hand a statue of Victory and with left a fasces. The figure is seated on a chariot drawn by four horses with slow pace to the right. To the left the year also in the Fascist Era. In exergue the Shield of Savoy adorned with fasces at both sides divides the value. Under the base of the chariot left the author's name (G • ROMAGNOLI), right the mint mark (R).
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