Italy, 500 Lire 1959

mc02-0103_f_600x600
mc02-0103_f_600x600mc02-0103_b_600x600


CATALOG INFORMATION
ID Number: MC02-0103
Category: Modern Coins
Description: Italy, 500 Lire 1959
Country or State: Italy
Year: 1959
Period: Republic (2 June 1946 - present)
Head of State/Ruler:  
Reign:  
Currency: Lira
Face Value: 500 Lire
Subject/Theme:  
Obverse: Columbus' ships
Obverse Legend: REPVBBLICA ITALIANA
Obverse Designer: Pietro Giampaoli
Reverse: Bust left within wreath
Reverse Legend:  
Reverse Designer: Guido Veroi
Edge: REPVBBLICA ITALIANA, *** Dates in raised lettering ***
Note:  
Mint Mark: R (Rome)
Composition: Silver (Ag) 0.835
Diameter: 29.5 mm
Thickness:  
Weight: 11.000 grams (0.2953 oz.)
Mintage: 19,360,000
Krause & Mishler Number: KM# 98
Other Catalog Number: Gigante: 14
State of Conservation: Extremely Fine (XF)
Rarity:  
   

CATALOG VALUE
Proof (Prf) € -
Brilliant Uncirculated (BU) € -
Mint State/Mint Condition (MS) € 21.00
Uncirculated (Unc) € 10.00
Extremely Fine (XF) € 3.00
Very Fine (VF) € 2.00
Fine (F) € -
Very Good (VG) € -
Good (G) € -
   

HISTORICAL NOTES

Christopher Columbus (Cristoforo Colombo; 31 October 1451 – 20 May 1506) was an explorer, navigator, and colonizer, born in the Republic of Genoa, in what is today northwestern Italy. Under the auspices of the Catholic Monarchs of Spain, he completed four voyages across the Atlantic Ocean that led to general European awareness of the American continents. Those voyages, and his efforts to establish permanent settlements on the island of Hispaniola, initiated the Spanish colonization of the New World.

In the context of emerging western imperialism and economic competition between European kingdoms seeking wealth through the establishment of trade routes and colonies, Columbus's speculative proposal, to reach the East Indies by sailing westward, eventually received the support of the Spanish crown, which saw in it a promise, however remote, of gaining the upper hand over rival powers in the contest for the lucrative spice trade with Asia. During his first voyage in 1492, instead of reaching Japan as he had intended, Columbus landed in the Bahamas archipelago, at a locale he named San Salvador. Over the course of three more voyages, Columbus visited the Greater and Lesser Antilles, as well as the Caribbean coast of Venezuela and Central America, claiming them for the Spanish Empire.

Though Columbus was not the first European explorer to reach the Americas (having been preceded by the Norse expedition led by Leif Ericson in the 11th century), Columbus's voyages led to the first lasting European contact with the Americas, inaugurating a period of European exploration, conquest, and colonization that lasted for several centuries. They had, therefore, an enormous impact in the historical development of the modern Western world. Columbus himself saw his accomplishments primarily in the light of the spreading of the Christian religion.

Never admitting that he had reached a continent previously unknown to Europeans, rather than the East Indies he had set out for, Columbus called the inhabitants of the lands he visited indios (Spanish for "Indians"). Columbus's strained relationship with the Spanish crown and its appointed colonial administrators in America led to his arrest and dismissal as governor of the settlements on the island of Hispaniola in 1500, and later to protracted litigation over the benefits which Columbus and his heirs claimed were owed to them by the crown.