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40 Baiocchi

Issuer Banco di Santo Spirito
Year 1798
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Reference(s) P#S522
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Obverse lettering REPUBLICA ROMANA
COMMERCIO UTILE
Liberta
Eguaglianza
Bᵒ QUARANTA
BANCO DI S. SPIRITO
Resto di
Da pagarsi al Renditore depoli
Val. Secondo Cassiere di detto Banco
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Protection description Two oval embossed dry-stamp seals applied to the reverse, one at upper left and one at upper right, serving as official authentication marks.
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Comments

The Banco di Santo Spirito, founded in Rome in 1605, is among the oldest chartered banks in the world. By 1798 it was operating under acute pressure: French forces had entered Rome in February of that year, declared the Roman Republic, and effectively stripped the papacy of temporal authority. Notes issued during this window exist in a peculiar administrative limbo — still bearing the bank's traditional ecclesiastical identity while the political ground beneath it had collapsed entirely.

The dry stamp seal was the bank's primary authentication device across the series. It leaves no ink trace, making condition assessment of that feature dependent entirely on oblique light.

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