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10 Lire Organizzazione Previdenza Vitalizia
| Issuer | O.PRE.V. S.p.A. (Organizzazione Previdenza Vitalizia) |
|---|---|
| Year | 1956 |
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| Value | Log in to see details |
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| Composition | Paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ORGANIZZAZIONE PREVIDENZA VITALIZIA BUONO RENDITA LIRE 10 DIECI DI PREMIO ASSICURATIVO |
| Reverse description | Plain white ground with a light floral guilloche underprint framing the central text panel. The entire reverse is devoted to letterpress promotional and redemption conditions in Italian, set in roman capitals of varying sizes, culminating in the validity deadline of 30 September 1959 and the issuer's registered address in Milan. The authorising decree reference and company details are printed in smaller type at foot. |
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| Comments |
O.PRE.V. was a Milan-based private welfare and pension organization, and this 10 Lire note is a fiduciary scrip — issued for internal circulation among members or employees rather than as legal tender. Italian law permitted such instruments in the postwar decades when small-denomination state coinage was chronically scarce, and numerous cooperatives, companies, and mutual societies took advantage of the gap.
The 1956 date places it well into the chronic small-coin shortage that plagued Italy through the 1950s and into the 1960s, eventually prompting the famous telephone-token and candy substitutions at shop tills.