Victor Emmanuel III (Italian: Vittorio Emanuele III, 11 November 1869 – 28 December 1947) was the King of Italy from 29 July 1900 until his abdication on 9 May 1946. In addition, he claimed the thrones of Ethiopia and Albania as Emperor of Ethiopia (1936–41) and King of the Albanians (1939–43), claims not recognized by the other great powers. During his long reign (nearly 46 years), which began after the assassination of his father Umberto I, the Kingdom of Italy became involved in two World Wars. His reign also encompassed the birth, rise, and fall of Italian Fascism under Mussolini.
These coins were issued on behalf Banca Commerciale Italiana and shipped to South America. The IX (Roman numerals) below the date indicates that this coin was issued in the ninth year of the Fascist Regime.