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50 Centesimi
| Issuer | Banca Popolare di Milano |
|---|---|
| Year | 1871 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | 85 × 51 mm |
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| Printer | Log in to see details |
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| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Black letterpress print on brown paper. A circular stamp impression appears at the centre and upper right, incorporating the city name Milano and a banner bearing the bank name. The denomination is printed in large type at the centre, and the printer's imprint appears at the foot. |
| Reverse lettering | BANCA POPOLARE DI MILANO BONO DI 50 CENTESIMI |
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| Comments |
Italian private banks of issue operated under increasingly tight constraints after unification, and the Banca Popolare di Milano — founded in 1865 on cooperative principles rather than as a commercial or state institution — occupied an unusual legal position among them. Its authority to issue small-denomination fiduciary notes like this 50 centesimi piece was short-lived; the progressive consolidation of note-issuing rights through the 1870s and ultimately the 1893 creation of the Banca d'Italia effectively ended such privileges for cooperative institutions.
Small fractional notes of this period are disproportionately rare — low face value meant heavy handling, and few were preserved intentionally.