1932 Republic of San Marino, Lire 20 three feathers silver: on the obverse REPUBBLICA * / * DI * S * MARINO three feathers surmounted by a crown on battlements, below E. SAROLDI and A . M . INC above sign with L. 20 and fascio littorio SALVAM * FAC * REMPUBLICA * TUAM // date and bust of San Marino in front holding up the three towers of the Republic. Conservation status BU.