Do you still have the 1000 Lire banknote? Crazy, that’s how much it’s worth today

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1000 lire notes have been an important part of Italian currency for over 150 years. The first banknote was issued in 1862 by the Kingdom of Italy and continued to be printed until 2002, when the euro replaced the lira, obviously following the different series and variations.

Here are the different 1000 lira banknotes

There are different series of 1000 lira banknotes, each with its own design and security features. Some of the most common 1000 lira notes include:

• Serie Ornate Italyprinted between 1948 and 1966. This series features a portrait of Giuseppe Verdi on the front and an image of the Allegory of Italy on the back.
• Serie Verdi I typefrom the period between 1966 and 1975, where a portrait of Giuseppe Verdi is presented on the front and an image of the Medusa on the back.
• Serie Verdi II typeissued from 1980 to 1990. Giuseppe Verdi is always portrayed on the front and an image of the Teatro alla Scala on the back.
• Serie Montessorithe best known one, because it was printed between 1990 and 2002, in which the protagonist is Maria Montessori in her mature age on the front and an image of children playing on the back.

Let’s look at them in more detail

The Italia Ornata banknote has a different value based first of all on the date of issue: the banknotes of this series show the dates between 1948 and 1966. The very first issues are generally rarer and are worth more. Regarding conservation, however, we certainly cannot aim for perfect banknotes, i.e. never used, with colors unchanged over time and without folds or tears. Banknotes with misprints, such as spelling errors or printing defects, may have a greater value to collectors. And these are very often rarer banknotes than others and consequently have a greater value: for example, the 1948 ornate Italian 1000 lire banknote with signature Cibrarium it is considered rare and can be worth several hundred euros.

The 1000 lire banknotes of the Verdi series I and II types were printed and distributed in Italy between 1966 and 2002, the year in which the euro replaced the Italian lira. In both series there is the portrait of Giuseppe Verdi, the famous Italian composer, in the central part, unlike the back, which changes in the two series: in the first type series (1966-1975) there is the Medusa, while in the second series type (1980-1990) shows the Teatro alla Scala in Milan. The current value of the Verdi series I and II type 1000 lire banknotes varies depending on various factors. The Type I series, generally considered rarer, tends to have a slightly higher value than the Type II series.

The Montessori series of 1000 lire banknotes is the last series printed before the introduction of the euro. It was around from 1990 to 2002 and has some features that make it interesting for collectors. On the front there is a portrait of Maria Montessori, the Italian educator and pedagogist famous for her teaching method, while on the back there is an image of children playing in a school environment. The watermark on the banknote reproduces the profile of Maria Montessori. Determining the value of banknotes is related to the presence of specific letters and serial numbers, which make them rare and sought after by collectors. In particular, banknotes with serial numbers starting with X or the sequence XC A can be worth up to 100-220 euros each. In general, the value of a “common” Montessori series 1000 lira banknote is around 5-10 euros.