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300 Lire Credito Artigiano

Issuer Credito Artigiano
Year 1977
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Value 300 Lire (300 ITL)
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Reverse description Plain white ground with the endorsement (girate) section at the top, a facsimile authorising signature above a tall vertical guilloche vignette carrying the bank name in ornate Gothic script within an elaborately scalloped and interlaced border. A circulation restriction notice is printed at the foot in bold capitals.
Reverse lettering GIRATE SOCIETÀ ITALIANA CAUZIONI ASSICURAZIONI CREDITO E CAUZIONI Credito Artigiano IL PRESENTE ASSEGNO PUÒ CIRCOLARE SOLTANTO IN ITALIA
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Comments

Credito Artigiano was a Milan-based cooperative bank serving artisans and small tradespeople, and these 300 lire notes were emergency fiduciary scrip — minassegni — issued to address the chronic small-change shortage that plagued Italy through much of the 1970s. With coins perpetually hoarded or melted, banks, shops, and transport companies were legally permitted to circulate their own low-denomination paper substitutes. The 300 lire denomination is one of the more unusual ones produced, sitting awkwardly between more common 100 and 500 lire issues.

Marco Spada & C. was among several small Milan printers kept busy by this peculiar monetary gap.

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