Skip to content
Belgium, Italy, Switzerland

Belgian 20 francs, Italian 20 lire and Swiss 20 francs Helvetia

Belgium, Italy, Switzerland · 1861-1914 · Gold

Written by the Maison Or & Bijoux Mougins team · updated

1867 Belgian 20 francs gold coin, obverse: head of Leopold II facing rightBelgian 20 francs gold coin of Leopold II, reverse: crowned shield with the lion and the motto “L'union fait la force”
Photos: Monnaie royale de Belgique, public domain, via Wikimedia Commons, cut out on a black background.
Specifications
CountryBelgium, Italy, Switzerland
MetalGold, 900‰ fine (10% copper)
Weight6.45 g (6.4516 g)
Fine gold5.806 g
Diameter21 mm
Years struckBelgium: 1865-1882 and 1914; Italy: 1861-1897 for the two reigns covered; Swiss Helvetia: 1883-1896
MintsBrussels (Belgium); Turin, Milan and Rome (Italy, mint marks T, M and R); Bern (Switzerland)
EngraversWiener, Devreese, Ferraris, Speranza, Walch and Bühler depending on the type
EdgeDepends on the country and the period
ReferencesItaly 1875 R: KM 10.2, Pagani 472; Belgium 1914: Morin 281 (French legend) and 282 (Flemish legend)

Belgium, Italy, Switzerland: three countries and three portraits, but a single standard, that of the French 20 francs. Put one of these coins on the scales: 6.45 g, 21 mm, gold at 900 thousandths, exactly like a napoléon. In a family hoard, only the legend and the face of the sovereign, or that of Helvetia, set them apart.

Identification

Belgian 20 francs, Italian 20 lire and Swiss 20 francs Helvetia: how to recognise it

1867 Belgian 20 francs gold coin, obverse: head of Leopold II facing right

Obverse

Three families of portraits. Belgium: the king faces right, with “LEOPOLD PREMIER” (1865 type) or “LEOPOLD II ROI DES BELGES” and the signature “L. WIENER”; in 1914, Albert I, with a French legend (“ALBERT ROI DES BELGES”) or a Flemish one (“ALBERT KONING DER BELGEN”). Italy: the king faces left, with “VITTORIO EMANUELE II”, then “UMBERTO I RE D'ITALIA”. Switzerland: Helvetia in profile, a diadem inscribed “LIBERTAS” in her hair, surrounded by “CONFOEDERATIO HELVETICA”.

Belgian 20 francs gold coin of Leopold II, reverse: crowned shield with the lion and the motto “L'union fait la force”

Reverse

Belgium: shield with the lion under a crown, with “20 FRANCS” and the year. Italy: crowned shield of Savoy, the words “REGNO D'ITALIA”, “L. 20” and a mint mark. Switzerland: shield with the cross, a star above it, within a wreath of oak and olive, with “20 FR” and the date.

Edge
It varies by country: raised inscription on the Belgian and Italian coins; on the Helvetia, reeded or inscribed depending on the year and on the source.
Engraver
For Belgium, Léopold Wiener (Leopold I and Leopold II) and Godefroid Devreese (Albert I, 1914). For Italy, Giuseppe Ferraris (Victor Emmanuel II) and Filippo Speranza (Umberto I). For Switzerland, design by Albert Walch and Christian Bühler, dies engraved by Karl Schwenzer.
Dates and mintages

Belgian 20 francs, Italian 20 lire and Swiss 20 francs Helvetia: key dates

The table is sorted by year, all countries together. Rows with several million coins (Leopold II above all) are the coins found most often. Mintages of a few thousand or fewer, among the Helvetia of 1887, 1888, 1893 and 1895 and the first lire from Turin and Rome, are the ones that call for a careful look.

Belgian 20 francs, Italian 20 lire and Swiss 20 francs Helvetia: dates and mintages
YearCountry and typeMintMintageRemarks
1861Italy, Victor Emmanuel IIT3,267First year of the Kingdom of Italy.
1865Belgium, Leopold IBrussels1,558,413Only 20 francs type of Leopold I.
1867Belgium, Leopold II, heavy beardBrussels1,341,307First portrait of Leopold II.
1870Belgium, Leopold IIBrussels3,191,203Common.
1873Italy, Victor Emmanuel IIRn/aVery rare Rome date.
1875Italy, Victor Emmanuel IIR51,000Low mintage.
1877Belgium, Leopold II, fine beardBrussels5,906,070Highest Belgian mintage.
1882Belgium, Leopold IIBrussels522,000Last date of Leopold II.
1882Italy, Umberto IRn/aMost common date of the reign.
1883Switzerland, HelvetiaBern250,000First year of the type.
1887Switzerland, HelvetiaBern176Great rarity.
1888Switzerland, HelvetiaBern4,224Very low mintage.
1893Italy, Umberto IR41,214Uncommon date.
1893Switzerland, Helvetia (Gondo gold)Bern25Small punch mark on the shield.
1895Switzerland, Helvetia (Gondo gold)Bern19Same mark.
1896Switzerland, HelvetiaBern400,000Last and highest year.
1914Belgium, Albert IBrussels125,000French or Flemish legend; combined mintage.

A selection of dates, not a complete list. Belgium: StashOfCoins and CoinVarieties, cross-checked for 1875, 1876 and 1882, Numisview for 1914. Italy: CoinVarieties (1875 R), NumisBids (1861 T), CollectorsKey (1893). Switzerland: Kettner Edelmetalle and Bdor, whose figures agree.

Sorting a hoard of foreign 20 francs

A box found in a house in the hills behind the coast often mixes French napoléons with a few foreign gold coins of the same size. To separate them without damaging anything, work in this order.

  • Read the obverse legend. “ROI DES BELGES” or “KONING DER BELGEN”: Belgium. “VITTORIO EMANUELE II” or “RE D'ITALIA”: Italy. “CONFOEDERATIO HELVETICA”: Switzerland. “REPUBLIQUE FRANÇAISE”, “EMPIRE FRANÇAIS” or the name of a French king: a French coin.
  • Name the sovereign. Leopold II and Umberto I make up the bulk of most hoards. A Leopold I, an Albert I or a Victor Emmanuel II is already out of the ordinary.
  • Note the date, then, on Italian coins, the mint mark on the reverse.
  • Weigh and measure: 6.45 g and 21 mm for all of them. Wear only removes a few hundredths of a gram.

Slip each coin into its own envelope, with a pencilled label: country, sovereign, year. This is enough to find the low-mintage dates in the table of dates, especially the Helvetia of 1887 and 1888 and the 20 lire struck in Rome under Victor Emmanuel II. Never rub a coin to read a date: a loupe and a low-angled lamp do better.

The 20 lire of the House of Savoy

Before he reigned over Italy, Victor Emmanuel II was King of Sardinia, a state whose capital was Turin. From 1816, this kingdom struck in Turin and Genoa a lira pegged to the franc, at the same weight and fineness. Its 20 lire from before 1861 therefore have the size of the Union coins, but their legend gives the title of King of Sardinia, without “REGNO D'ITALIA”.

In 1861, the Sardinian lira became the lira of the new Kingdom of Italy. Under Victor Emmanuel II, three mints produced 20 lire: Turin (T), Milan (M), then Rome (R) in the 1870s. In Turin and Milan, the letter comes with the initials “BN”, those of the Banca Nazionale. The reign totals about 11.7 million coins from 1861 to 1878, but the first Turin year left only a few thousand. Umberto I had about 8.8 million struck from 1879 to 1897, all in Rome; his years 1884, 1889, 1891, 1893 and 1897 are the least often seen.

Italians call these coins marenghi. The name goes back to the 20 francs gold coin issued by the Subalpine Republic to celebrate Bonaparte's victory at Marengo on 14 June 1800. It then spread to the 20 lire of the Union, just as “napoléon” did in France.

Under the loupe: varieties, wear and fakes

Belgian coins. The portrait of Leopold II first has a thick, coarsely detailed beard (1867-1870), then a finer one. Turn the coin on its vertical axis: depending on the date, the reverse appears upright or inverted, two positions recorded by the catalogues. One 1865 variety shows a misspelt signature, “L. WINNER”.

Helvetia. On the 1893 and 1895 dates, a tiny punch mark in the centre of the shield and a paler gold point to metal mined at Gondo, in the Valais: a few dozen coins in all.

Wear. The first areas to flatten are the beard and the hair above the ear of Leopold II, the moustache of the Italian kings, the hair and diadem of Helvetia. On the reverse, follow the manes of the Belgian lions, the cross and collar around the shield of Savoy, the leaves of the Swiss wreath. Solder or a ring mark on the edge reveals an old jewellery mount; fine parallel scratches, a cleaning. The grading scale is described in the guide to coin grades (in French).

Fakes. Rare Italian dates are the most copied, to the point that a large share of the examples offered are said to be counterfeits, some of them in gold. Check the weight, the diameter, the sharpness of the edge and the logic between sovereign, year and mint: an Umberto I marked T or M should raise doubts. The method is set out in the guide to spotting a fake coin (in French).

Same size, other coins

The 21 mm, 6.45 g module was taken up well beyond the four founding countries, hence frequent confusion.

  • The Swiss Vreneli, from 1897: a young woman with plaited hair in front of mountain peaks, legend “HELVETIA”. It has its own page.
  • The 20 lire of Victor Emmanuel III, struck in the 20th century, with another portrait and other reverses; some dates have tiny mintages.
  • Gold coins of Monaco: Charles III, then Albert I, had 20 and 100 francs struck. The principality was linked to the Union by agreement, without being a member.
  • Greek 20 drachmai, Greece having joined the Union in 1868, and Austro-Hungarian 8 florins, designed to match 20 francs.
  • French 20 francs, recognisable by “EMPIRE FRANÇAIS”, “REPUBLIQUE FRANÇAISE” or the name of the sovereign: Napoleon I, Napoleon III, Ceres and others.

Key dates, from 1861 to 1927

  • 1861: proclamation of the Kingdom of Italy; the first “REGNO D'ITALIA” 20 lire leave the Turin mint.
  • 1865: Belgium issues the only 20 francs of Leopold I. On 23 December, in Paris, France, Belgium, Italy and Switzerland sign the convention of the Latin Monetary Union: the same weights and fineness for gold and silver, and members' gold coins accepted by the public treasuries of the others.
  • 1867-1882: Leopold II has his 20 francs struck by the million.
  • 1868: Greece joins.
  • 1879-1897: 20 lire of Umberto I, all struck in Rome.
  • 1883-1896: Switzerland strikes the Helvetia, before moving on to the Vreneli.
  • 1914: Albert I has a single date struck. In France, the law of 5 August suspends the convertibility of banknotes into gold; gold disappears from payments and is kept at home.
  • 1925-1927: Belgium withdraws from the convention at the end of 1925; the Union is dissolved on 1 January 1927.

For half a century, these coins therefore moved from one member country to another, before lying dormant in safes and drawers.

In Mougins

Belgian 20 francs, Italian 20 lire and Swiss 20 francs Helvetia in Côte d'Azur

Until 1860, Mougins belonged, with the whole Grasse area, to the Var département, and the river Var separated France from the County of Nice, a land of the House of Savoy and the Kingdom of Sardinia. On the other side of the border, people paid in Sardinian lire, struck since 1816 at the same weight and fineness as the franc. The Treaty of Turin of 24 March 1860 joined Nice to France, and the Grasse arrondissement became part of the new Alpes-Maritimes département. This border history explains why 20 lire so often sit alongside napoléons in estates from Mougins and the hills around Grasse.

Belgian 20 francs, Italian 20 lire and Swiss 20 francs Helvetia: frequently asked questions

Why are 20 lire found in estates on the Côte d'Azur?

Because these coins circulated freely between the countries of the Latin Monetary Union from 1865 to 1914, and Italy is very close. Until 1860, Nice even belonged to the Kingdom of Sardinia, whose lira was pegged to the franc.

What do the letters BN next to the T or M on a 20 lire mean?

They are the initials of the Banca Nazionale. They appear on coins of Victor Emmanuel II struck in Turin (T) or Milan (M). Coins from Rome (R) do not carry them.

My Swiss 20 francs has no mountains behind the portrait: is that normal?

Yes, if it is a Helvetia (1883-1896): head with a diadem marked “LIBERTAS” and the legend “CONFOEDERATIO HELVETICA”. The mountains only appear with the Vreneli, from 1897.

Is a 20 lire dated before 1861 part of the Latin Monetary Union?

No: it was struck for the Kingdom of Sardinia, before Italian unification and before the 1865 convention. It nevertheless follows the same standard, 6.45 g of gold at 900 thousandths. A free valuation makes it possible to identify it precisely.