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| Issuer | Kingdom of Italy |
|---|---|
| Year | 1866 |
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| Value | Log in to see details |
| Currency | Lira (1861-2001) |
| Composition | Log in to see details |
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| Obverse description | Central vignette comprises a circular portrait of King Vittorio Emanuele II in left-facing profile, printed in violet, set within an ornate guilloche frame with diapason motifs. The decorative background fields are rendered in violet with distributed white lettering, while the denomination expressed in both numerals and words appears in red letterpress. The note has perforated edges consistent with its stamp-money format. |
|---|---|
| Obverse lettering | Log in to see details |
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| Protection description | Not present. |
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| Comments |
Italy's 1866 unification finances were in crisis almost immediately. The Third Italian War of Independence, fought that same year alongside Prussia against Austria, forced the government to suspend specie convertibility in May 1866 — the so-called "corso forzoso" — marking the first time Italy issued inconvertible paper money as a unified state. This note was part of that emergency emission.
At 60 × 24 mm, it belongs to a class of fractional currency more akin to stamped tickets than banknotes. The Officina Carte Valori in Turin handled production throughout, but the extreme format created persistent counterfeiting problems and significant public resistance from a population that had barely accepted paper money at all.