1997 Italy 500,000 Lire "Raphael" Banknote - RARE Replacement Issue - PMG 64 Choice UNC
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Estimated Delivery:Jun 11 - Jun 15
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Free Shipping & Returns: On all orders over $75
The Masterpiece of the Banca d'Italia
Elevate your collection to its ultimate peak with the 1997 500,000 Lire, the highest-value note of the Italian Lira’s final series. Known as the "Raphael" note, this piece is a stunning fusion of Renaissance art and state-of-the-art 20th-century security printing. This specific example is a Replacement Note (XA Prefix), printed in extremely limited quantities to replace damaged notes during the production run, making it significantly scarcer than standard issues.
Artistic & Cultural Masterpiece:
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Obverse (Front): Features a detailed portrait of the High Renaissance master Raphael (Raffaello Sanzio), based on his famous self-portrait. In the center, a reproduction of his fresco "The Triumph of Galatea" showcases the intricate engraving capability of the Italian state printer.
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Reverse (Back): Showcases one of the most famous works in Western art: "The School of Athens." This grand fresco depicts the world's greatest philosophers and scientists, including Plato and Aristotle, gathered under a magnificent vaulted ceiling.
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Watermark: Features the head of Raphael.
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Signatory: Antonio Fazio (Governor) and Speziali (Cashier).
Collector’s Specifications:
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Issuer: Banca d'Italia (Italy)
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Denomination: 500,000 Lire (Cinquecentomila)
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Date: 1997
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Pick Number: P-118* (Replacement designated by the asterisk and XA prefix)
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Serial Number: XA 092403 A
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Grading: PMG 64 Choice Uncirculated
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Status: Replacement Issue (Rarely seen in Gem or Choice UNC grades).
Collector's Perspective: When the Lira was replaced by the Euro, many of these high-denomination notes were redeemed for their significant value (equivalent to approximately €258 at the time). Very few uncirculated "Replacement" notes survived the exchange, as they were the first to be targeted for redemption. This PMG 64 example is a museum-quality survivor of Italy's economic and artistic peak.
You will receive the note in the photos.
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