1958-1967 Silver 500 Lira Italian Coin. Repersenting Personified Italy As A Renaissance Woman And 3 Ships Of Christopher Columbus. 500 Lira Graded By Seller Circulated Condition

The Italian Lira was the currency of Italy from 1861 to 2002. It was introduced during the unification process and replaced various regional currencies. The Lira was initially pegged to the French Franc and was based on the gold standard. Over time, the economy grew and the Lira became a stable currency, but the First and Second World Wars, as well as global economic crises, had a major impact on its value. The Lira was one of the original currencies of the European Monetary System and helped to stabilize exchange rates. However, increased competition and declining value led to its replacement by the Euro in 1999. The Italian Lira played an important role in financing infrastructure and promoting economic stability, and its legacy continues today in the form of the Euro.