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3 Scudi

Issuer Monte di Pietà di Roma
Year 1795
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Currency Scudo (1534-1835)
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Obverse description Log in to see details
Obverse lettering A DI 14. SEPTEMBRE MILLE SETTECENTO NOVANTACINQUE
3
S. M. DI PIETÀ DI ROMA
La presente Cedola vaglia Scudi
TRE
123 TRE 123
Romani per lo Stato Ecclesiastico
TRE
TRE
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Reverse lettering TRE
3
TRE
3
TRE
3
TRE
3
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Comments

The Monte di Pietà di Roma was a charitable pawnbroking institution, not a state bank, and its paper emissions occupied an awkward legal and financial space in the Papal States economy. By the 1790s, the Monte was under severe strain — French military pressure on the peninsula had disrupted commerce and drained specie reserves across central Italy, forcing institutions like this one to lean harder on paper instruments than their underlying assets could comfortably support.

The S-prefix in the Pick reference places this squarely among the local and regional issues rather than the national series — a distinction that mattered enormously to contemporaries who ranked these notes well below papal treasury paper in terms of confidence.

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