Papal lira

The lira was the currency of the Papal States between 1866 and 1870. It was subdivided into 20 soldi, each of 5 centesimi.

History
In 1866 Pope Pius IX, whose temporal domain had been reduced to only the province of Latium, decided to match its coinage to the Latin Monetary Union. The Papal States was never a formal member of that currency union, but this coinage was used in all of its neighboring countries.

The lira, was introduced with the same value of the French franc and the Italian lira replacing the scudo at a rate of 5.375lire = 1scudo : the rate was calculated thanks to the silver value of the old scudo (26.9grams of 0.900 fine silver) and the new lira (5grams of 0.900 fine silver). Silver denominations below 5 lire were 0.835 fine, according to the Latin Monetary Union standard. With the annexation of the Papal States to Italy in 1870, the Papal lira was replaced by the Italian lira at par.

The lira was subdivided into 100 centesimi and, differently from the other currencies of the union, into 20 soldi. However, all denomination in soldo had an equivalence in cents.

Coins
Copper coins were issued in denominations of c.1, s.$1/20$, (c.$1/100$), s.1 (c.5), s.2 (c.10) and s.4 (c.20), with silver s.5 (c.25) and s.10 (c.50), 1, 2, $1/2$ and 5 lire, and gold 5, 10, 20, 50 and 100 lire.