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10 Scudi

Issuer Sacro Monte della Pietà di Roma
Year 1785
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Value 10 Scudi
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Reverse description Plain paper reverse with multiple letterpress denomination overprints arranged in five positions across the note, each reading «DIECI» (ten) over «IO» in bold blocked type framed by horizontal rule lines. The cross-fold crease pattern is visible, and faint show-through of the obverse text is discernible through the paper.
Reverse lettering DIECI
IO
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Comments

The Sacro Monte della Pietà di Roma was a papal pawnbroking institution, founded in 1539, that issued its own paper obligations long before most European states had formalized banknote systems. These notes functioned as negotiable receipts against deposited collateral — a hybrid between a pawn ticket and a bearer instrument — and circulated among merchants and institutions in Rome who trusted the Monte's backing by the Apostolic Chamber.

By the 1780s the Monte was operating under increasing fiscal strain as the broader finances of the Papal States deteriorated. Notes from this period are genuinely scarce; many were redeemed or destroyed as the institution's role contracted sharply following the French occupation of 1798.

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