The 500 Lire coin is a bimetallic Italian coin issued from 1982 to 2001, featuring the following:
 
Obverse (Front) Winged Female Head: A profile of a female head with wings, symbolizing the Italian Republic and its intelligence and freedom.
 
Designer's Signature: The designer's signature, such as L. Cretara, appears below the head.
 
Repubblica Italiana: The inscription "Repubblica Italiana" (Italian Republic) is present.
 
Star: A five-pointed star is featured.
 
Reverse (Back)Piazza del Quirinale: A perspective view of the Piazza del Quirinale, the location of the Presidential Palace in Rome.
 
Minting Year 1985: The year the coin was minted is shown at the bottom.
 
Braille: The coin value, "L. 500," is inscribed in Braille.
 
Mints Symbol: The letter R, representing the Rome mint, is to the left of the year.
 
Wheat and Olive Branch: An ear of wheat and an olive branch flank the inscription, symbolizing peace and prosperity.
 
Discontinuous Striped Edge: The outside edge of the coin has a discontinuous striped pattern.
 
This 1989 coin has a major minting error on the obverse side with a partially raised cental edge due to a smaller die leaving the mark.  In addition, the time period has numismatic historic significance.  This 1989 coin is a great addition to any coin collection especially for an Italian coin history enthusiast.