The Italy 500 Lire Banknote was issued by the Republic of Italy in 1974. It has a color combination of aqua, green, blue, yellow, red, and black. The obverse features stylized mechanical gears and the head of the allegorical man Mercury. The reverse depicts the allegorical man Bellerophon holding a torch and riding on a mechanical flying horse (Pegasus). It also shows stars. The banknote does not contain a security thread but bears a watermark that reveals a star in a wreath. It measures 115 x 58 mm. This particular banknote is in used condition and has been TAP authenticated.