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| 正面铭文 | Vercelli, 14 ottobre 1976 Banca Sella Società per Azioni - Sede in Biella A vista pagate per questo Assegno Bancario Lire TRECENTO all'ordine nostro CONFESERCENTI VERCELLI FONDATA NEL 1886 BANCA SELLA BIELLA N. codice 3266 |
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| 背面铭文 | IL PRESENTE ASSEGNO PUO CIRCOLARE SOLTANTO IN ITALIA GIRATE CONFESERCENTI VERCELLI La somma indicata su questo Assegno è tenuta dalla Banca Sella a disposizione del beneficiario. |
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Banca Sella, a private bank founded in Biella in 1886, issued fiduciary notes like this 300 Lire piece as part of Italy's short-lived experiment with commercial bank emergency currency during the severe coin shortage of the early-to-mid 1970s. The Italian government, unable to produce sufficient small-denomination coinage, temporarily authorized banks and private businesses to circulate their own substitute money — a situation that generated dozens of distinct issuers and an enormous variety of types within just a few years.
The denomination itself is unusual. 300 Lire sits outside the standard coinage denominations of the period, suggesting it was calculated to meet specific change-making needs rather than mirror official currency units. Marco Spada & C. S.p.A. handled a number of these commercial fiduciary notes during the period, working out of Milan.