Front: A Fasces (plurale tantum, a bound bundle of wooden rods with an axe) between (left) (value) LIRE / 20 (right, date and year) OTTOBRE 1922• / 1923
(bottom-left, mint mark) R (Rome) legend: none
Back: Head king Victor Emanuel III (left, 1900-1946)
legend: VITTORIO EMANUELE III RE D'ITALIA
designers: (below neck) G•ROMAGNOLI
Edge: G - Grained