History
The Kingdom of Italy was proclaimed on March 17, 1861, with Victor Emmanuel II as its first king. The coin commemorates this event under the flags: 1861, then 2011. However, unity was achieved in stages: Rome only became the capital in 1871.
The three flags recall the three most recent jubilees: those of 1911, 1961, and 2011. The 1911 flag marked fifty years of the kingdom, while the 1961 flag marked its centenary. Together, they illustrate the link between generations.
Since 1946, Italy has been a republic: the letters RI, for Repubblica Italiana, mark the coin to the right of the flags. It is struck in Rome, the capital since 1871, by the Istituto Poligrafico e Zecca dello Stato. The engraver, Ettore Lorenzo Frapiccini, signs it with his initials at the bottom right.
