Vittorio Emanuele III, 10th Anniversary of the End of World War 1:

Obverse: VITT.EM.III.RE. , bust of King Vittorio Emanuele III in military uniform facing left, in small letters behind bust G.ROMAGNOLI A.MOTTI.INC.
Reverse: ITALIA , Upper part of the Fascio Littorio, on its right an axe adorned with a lion head. On the axe of the fascio there is the motto MEGLIO.VIVERE.VN.GIORNO.DA.LEONE.CHE.CENTO.ANNI.DA.PECO-RA-, while on the bindings,MCMXVIII at the top and MCMXXVIII A.VI at the bottom. Left of the Fascio L.20 and mintmark R.
Edge: Milled. Composition: .600 silver.