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50 Lire Banca Sella
| Issuer | Banca Sella |
|---|---|
| Year | 1976 |
| Type | Local banknote |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Biella, 3 novembre 1976 - Banca Sella - Società per Azioni - Sede in Biella - A vista pagate per questo Assegno Bancario - Lire CINQUANTA - all'ordine nostro - MARCO SPADA & C.S.P.A. MILANO - GIUSEPPE BOZZALLA "PASCOLO AUTUNNALE" - galleria d'arte Giorgio Perazzone - viale Roma 11 - 13051 Biella - tel. 015/20955 |
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| Protection description | Intricate red guilloche rosette of concentric petal-form lathe-work printed on the reverse; repeating text guilloche underprint (BANCA SELLA BIELLA) across the obverse field. |
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| Comments |
Banca Sella, headquartered in Biella, issued this note under Italy's provisions allowing certain private institutions to produce low-denomination fiduciary money during the coin shortage of the mid-1970s. The shortage was severe enough that municipalities, transit companies, and regional banks all resorted to their own paper substitutes — an ad hoc parallel currency ecosystem that the Banca d'Italia tolerated but did not formally endorse.
Marco Spada & C. S.p.A. of Milan handled production, with the guilloche work serving as the primary anti-counterfeiting measure — modest by national central bank standards, but adequate for instruments rarely expected to travel far from their issuing region.