500 lira „Caravela“ and its controversial little flags

The 500-lira silver coin, issued in the late 1950s, represents one of the most famous and intriguing issues of modern Italian numismatics. It was created during a period of favorable economic conditions, when Italy, following wartime destruction and post-war reconstruction, was gradually returning to stability and prosperity. At the same time, there was a need to harmonize [...]

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