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300 Lire Small cheque

Issuer Cassa di Risparmio della Repubblica di San Marino
Year 1977
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Value 300 Lire (300 SML)
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Obverse lettering CASSA DI RISPARMIO DELLA REPUBBLICA DI SAN MARINO
AGENZIA DI CITTA' N. 3
San Marino, 1 settembre 1977
Lit. 300
A vista pagabile per questo Assegno Bancario
Lire TRECENTO
a MY HOBBY
FONDATA NEL 1882
FIRMA DI TRAENZA
Reverse description The reverse is printed in light blue-violet and carries a large guilloche watermark-style vignette of the map of San Marino at centre, overlaid with repeated shield motifs representing the republic's heraldic arms. The issuing institution's full name, 'CASSA DI RISPARMIO DELLA REPUBBLICA DI SAN MARINO', is inscribed in two lines at the lower portion, with the payee name 'MY HOBBY' and the locality 'CIRATE' printed at the top. A manuscript signature appears beneath the payee line.
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Comments

San Marino's Cassa di Risparmio issued these small-denomination cheques in 1977 as a direct response to Italy's chronic coin shortage — a problem so severe during the 1970s that businesses across the peninsula resorted to handing customers candy, postage stamps, and telephone tokens as change. San Marino, though reliant on Italian currency under the 1939 monetary convention, was free to introduce its own fiduciary substitutes, and it did.

The 300 Lire denomination is notable. Most Italian-sphere emergency issues clustered around 50, 100, and 150 Lire — values that mapped to actual coin gaps. 300 Lire suggests local pricing realities specific to San Marino's retail economy at the time.