The 1798-P AP M Italy 20 Grana from Naples & Sicily is a historic silver coin issued under Ferdinando IV, who ruled as King of Naples and Sicily during this period. This coin has a silver fineness of 0.833 and weighs approximately 4.58 grams, with a diameter of 25 mm—offering a compact yet substantial feel in hand. Cataloged as KM 210, it features classic 18th-century Italian state coinage design, emblematic of the Bourbon dynasty’s control of southern Italy at the time.
The obverse typically displays a right-facing bust of King Ferdinando IV, reflecting his dual kingship over Naples (Ferdinand IV) and Sicily (Ferdinand III), a prominent marker in the complex dynastic history of the Italian peninsula. The reverse commonly shows the crowned arms of Bourbon-Sicily, further asserting regal authority and historical context.
This type of coin circulated widely throughout Naples and Sicily, playing a vital role in regional commerce before the unification of Italy. Its relatively high silver content made it valuable for trade and everyday transactions, and today it is sought after by collectors for both its material value and historical significance. Well-preserved specimens are increasingly scarce due to age, adding to their collectible status.
As with similar issues from the period, the 20 Grana coin exemplifies the craftsmanship and monetary standards of late 18th-century European states—making it a remarkable centerpiece for any collection focused on Italian, Bourbon, or greater European numismatics. Collectors value these coins both for their lustrous silver appeal and the era they represent in Mediterranean history.
















