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250 Lire Banca Sella
| Issuer | Banca Sella S.p.A. |
|---|---|
| Year | 1976 |
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| Composition | Paper |
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| Obverse description | Miniassegno (emergency cheque-note) printed in red and green on plain paper, with a red geometric border of interlocking rosette ornaments framing the entire face. To the left, a green guilloche vignette bears the circular Banca Sella emblem — founded 1886 — with the bank's heraldic shield at centre. The denomination DUECENTOCINQUANTA is spelled out in full in bold letterpress across the middle register, with the numeral 250 and the date Vercelli, 10 marzo 1976 printed at upper right. The payee endorsement CONFESERCENTI VERCELLI appears in the lower right field above a manuscript authorisation signature. |
|---|---|
| Obverse lettering | Banca Sella Società per Azioni - Sede in Biella A vista pagate per questo Assegno Bancario Lire DUECENTOCINQUANTA all'ordine nostro CONFESERCENTI VERCELLI Vercelli, 10 marzo 1976 L 250 |
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Banca Sella, headquartered in Biella in the Piedmont region, issued this 250 Lire note as a fiduciario — a privately-issued substitute for the small-denomination coins that had effectively disappeared from Italian circulation by the mid-1970s. Rampant inflation and rising metal prices made it economically irrational to produce low-value coinage, and the Italian government's chronic inability to solve the problem opened the door for hundreds of banks, businesses, and municipalities to fill the gap with their own scrip.
Marco Spada & C. of Milan printed a significant portion of the fiduciari series for various northern Italian issuers during this period. The practice was eventually curtailed by decree, making the entire category short-lived.