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10 Scudi

Issuer Banco di Malta
Year 1812
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Value 10 Scudi
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Obverse description Black letterpress on cream paper. An oval vignette at upper left contains a figure of Saint Paul, set within an ornate cartouche, with a vertical panel bearing the bank name along the left border. The denomination "Dieci" appears in a bold decorative panel at lower left, with blank signature lines for Presidente, Direttori, and Cassiere.
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Reverse description Unprinted reverse showing bleed-through of the obverse letterpress impression in mirror image, with the "Dieci" denomination panel visible at lower right. No additional design elements are present.
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The Banco di Malta was established under British administration in 1809, making it one of the earliest colonial banking institutions in the Mediterranean. This 1812 issue came during a period when Malta's monetary situation was genuinely chaotic — Spanish and Portuguese silver coins, French assignats, and various other foreign currencies were all in concurrent use, and the Bank's notes struggled for public acceptance against a population with deep-rooted preference for metallic money.

The denomination in scudi reflects the pre-existing Maltese monetary unit carried over from the Knights of St. John rather than any British system — an unusual accommodation to local convention that the colonial administration maintained for practical reasons. The Bank was wound up in 1818, limiting this series to just nine years of possible issue.

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