目录
| 正面描述 | Central vignette of the Royal Arms of Savoy within an ornate cartouche surmounted by a plumed helmet and crown, flanked by draped mantling and scrollwork, executed in fine intaglio engraving. The denomination "Lire Venticinque" appears in letterpress to both the left and right of the central vignette, each instance accompanied by the place and date of issue "Torino il primo Giugno 1794." A ruled border frames the design, with denomination numerals "P.5. P.5. 25" across the top register, and the note type inscription "BIGLIETTO DI CREDITO VERSO" along the lower margin; signature lines for four officials — Mastro Uditore (twice), Tesoriere Generale, and Controllore della Segreteria Generale — appear at lower right. |
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| 正面铭文 | Lire Venticinque Torino il primo Giugno 1794 / P.5. P.5. 25 / Mastro Uditore / Mastro Uditore / Tesoriere Gener.le / Controll. della S.G.le / BIGLIETTO DI CREDITO VERSO |
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The Regie Finanze notes of the early 1790s were a direct fiscal response to the financial strain placed on Piedmont-Sardinia by the French Revolutionary Wars — the kingdom needed liquidity fast, and conventional coin supply couldn't keep pace. These assignat-adjacent instruments were produced domestically in Turin rather than contracted abroad, which was unusual for a state that had previously relied on outside expertise for security printing.
The series ran only a few years before monetary conditions forced revision. Short emission windows like this typically mean lower surviving populations, particularly in higher denominations where hoarding was less common than with small change notes.