50 Lire

Issued by the Regie Finanze — the royal fiscal administration of Piedmont-Sardinia — this note belongs to an emergency series authorized as French Revolutionary forces under Bonaparte pushed into northwestern Italy in 1796. The Kingdom of Sardinia was effectively insolvent by this point, and the paper emissions were a direct consequence of wartime fiscal collapse rather than any structured monetary policy.

Turin fell to French occupation in 1798, and much of this issue likely never completed a normal circulation cycle. Survivors are rare, and those that exist often show the fragility of the lightweight paper stock used under wartime production constraints.