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Italy has not used lire as its currency since 2002, so there are very few places where you can exchange them anymore. You might try a large commercial bank with overseas operations, or an exchange agency such as AmEx or Deak Perera, but you'll almost certainly have to pay a fairly significant conversion fee.

Alternately if you or someone you know is travelling in Italy it may still be possible to turn them in for euros at a major bank there.

In any case remember that the lire was valued in the neighborhood of 1400 to the USD, so unless you have very large amount it may not be worth converting.

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Q: Where can you convert your Italian Lire to US Dollars?
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