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1936 20 Lire Italy -what's it worth?

1geo1geo Posts: 8
in World & Ancient Coins Forum
I have a 1936 20 Lire Italy silver coin. Its been authenticated, graded and slabbed. Its grade is "XF - VF20". It is a key to the Italian set. Can anyone tell me what the market price for this coin is? Any help would be appreciated, 1geo.

Comments

  • newsmannewsman Posts: 2,658 ✭✭✭
    Krause lists it at $500 in VF, $1,000 in XF. My guess is it would trade higher -- if it's real, that is.

    These issues were heavily counterfeited. I hope it has been authenticated by someone you trust. image
  • lordmarcovanlordmarcovan Posts: 43,657 ✭✭✭✭✭
    Who graded and slabbed it?

    image

    Got pictures?



    << <i>Its grade is "XF - VF20". >>


    This is weird. Either it's VF20, or it's XF (40-45). It can't be both.

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  • 1geo1geo Posts: 8
    It was slabbed by ANACS. I too thought the grading was odd, I'v never heard of "XF-VF20". This was told to me over the phone and I have not yet received the coin back. 1geo
  • lordmarcovanlordmarcovan Posts: 43,657 ✭✭✭✭✭
    Aha. If it were ANACS and described as "XF-VF20", that is beginning to make a little sense. It is apparently a coin with a net grade for some problems. For example, "XF details, Net VF20, cleaned".

    Do you know what the net grading was for?

    At least with ANACS, you're pretty well assured it's genuine.

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  • 1geo1geo Posts: 8
    Sorry, I am ignorant of the details of grading and the terminology. I'll call them tomorrow and ask what all this means. 1geo
  • lordmarcovanlordmarcovan Posts: 43,657 ✭✭✭✭✭
    I'll bet you will find it is a net-graded coin. Ask them what the net grade was for (in other words, what problem caused it to be net graded).

    It was probably cleaned. XF to VF is not as big a drop as what you'd see if the coin were scratched or badly whizzed. My guess is that it is a coin with XF details that was cleaned and has therefore been net graded to VF20.

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  • 1geo1geo Posts: 8
    I did not clean it but I had sent it to a NY auction house, Symthe [sic?] who may have cleaned it. They sent it back to me for grading and slabbing. That's when I sent it to ANACS. How does this effect the price? 1geo
  • SYRACUSIANSYRACUSIAN Posts: 6,461 ✭✭✭✭
    This is a rare coin, so the market will decide about the price. I doubt that the auction house did the cleaning, it's probably the work of a previous owner ,it is not that uncommon. As a general idea, what the Anacs grade means, is that the coin is in XF (extra fine) condition, but the cleaning or whatever problem they detected and noted on the holder, reduced its value to VF20 (low end very fine) money. Still, an auction result will be the only true answer to this,as rarity is a very important factor.
    Dimitri



    myEbay



    DPOTD 3
  • 1geo1geo Posts: 8
    I talked to ANACS this morning and they explained the grade as was explained by Robertson it in a previous reply, i.e., "details XF net VF20 cleaned". I appreciate the time and effort everyone has taken to explain to me what was going on with this coin. When I get it back, it was shipped from ANACS this morning, I am going to put it up on eBay. Thanks again for the information, 1geo
  • CladiatorCladiator Posts: 18,073 ✭✭✭✭✭
    post a link to the auction when you do. I'd love to see this coin.
  • tbirde56tbirde56 Posts: 2,161
    The 2006 Krause lists it as $200 in Fine, $400 VF, $800 XF, and $1600 Unc although as said before the actual market value has yet to be determined. Mintage was 10,000 while the next 5 years of the design's usage had mintages of 50 or less each. It contains .5145 of an ounce of silver.
    Brad Swain

    World Coin & PM Collector
    My Coin Info Pages <> My All Experts Profile
    image
  • lordmarcovanlordmarcovan Posts: 43,657 ✭✭✭✭✭
    I too would be interested to see it when you list it on eBay, though I would probably not be an agressive bidder for it (mostly because of my low budget).


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  • 1geo1geo Posts: 8
    Anyone who would like to see the coin before I post it on eBay, send me an email and when I get it back I will send you photos, Geo. 1geo1@verizon.net
  • 1jester1jester Posts: 8,637 ✭✭✭
    Welcome to the forum, 1geo. And good luck with the sale. Are you interested in coins at all?

    imageimageimage
    .....GOD
    image

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  • lordmarcovanlordmarcovan Posts: 43,657 ✭✭✭✭✭
    Somebody get the pics from him and post 'em here.

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  • CladiatorCladiator Posts: 18,073 ✭✭✭✭✭
    go for it m'lord
  • lordmarcovanlordmarcovan Posts: 43,657 ✭✭✭✭✭
    1geo, send 'em to me (my email addy is in my profile- click the spectacles), and I will post them.

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  • 1geo1geo Posts: 8
    I use to be interested in American coins and still have some interesting pieces. I acquired this coin many years ago from a widow in Virgina. Unfortunately I paid a lot for the coin and even at $500 would not make very much profit so unless the coin brings over that amount I will not sell it. Geo.
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