Is there a known replica or reproduction of the San Marino 20 lire coin, perhaps that was made for jewelry?
I see this item in eBay listings, but occasionally in real auctions, almost always in a jewelry item.
https://www.ebay.com/itm/115114997476?hash=item1acd6376e4:g:u90AAOSwVYdhoiLf
https://www.acsearch.info/search.html?id=8247940
There is at least one obvious difference when compared to the coin in our listing (in addition to the appearance not looking like silver):
https://en.numista.com/catalogue/pieces24563.html