They were reinstated on 1 April 1815, by Victor Emmanuel I of Sardinia, who, however, abolished them only a few months later, on 4 August 1815, replacing them with the Military Order of Savoy (l'Ordine militare di Savoia), now known as the Military Order of Italy.

However, in 1833, Charles Albert of Sardinia, recognizing that the Military Order was too exclusive in that it could only be awarded to persons of high rank, re-instituted the medals for valor (gold and silver) as awards for noble acts performed by soldiers in both war and peace.

753 of 24 May 1915, the number of times one individual could receive a medal for valor (both silver and gold) was limited to three, after which a promotion was foreseen.

[3] During World War I, the medal was awarded to military personnel, units above the level of company and civilians for exceptional valor in the face of the enemy.

[5] The Silver Medal for Military Valor is still awarded by the Italian state, and it, along with the Gold and Bronze medals for Military Valor as well as the "Croce di Guerra al Valor Militare" (War Cross of Military Valor - which can only be awarded in time of war) is established by the Royal Decree of 4 November 1932, in which the purpose of these medals is defined as "To distinguish and publicly honor the authors of heroic military acts, even ones performed in time of peace, provided that the exploit is closely connected with the purposes for which the Armed Forces are constituted, whatever may be the condition or quality of the author.