8 Scudi

The Sacro Monte della Pietà di Roma was one of the oldest pawnbroking institutions in the Catholic world, founded in 1539 and operating under direct papal protection. Its notes functioned less like conventional banknotes and more like receipts against deposited valuables — the "scudi" denominations corresponding to loan values secured by pledged goods held in the Monte's warehouses.

By 1788, the institution was printing notes in a range of odd fractional and whole-scudi values, which reflects the pawnbroking logic rather than any standard monetary hierarchy. These were filled in by hand at issuance and carry manuscript dating, authorization signatures, and sequential numbering — meaning no two examples are strictly identical documents.

Survival rate is low; most were redeemed and destroyed when the underlying pledge was recovered.