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<p>[QUOTE=&quot;petronius, post: 1614497, member: 37365&quot;]Modern notes are very nice, full colored, well drawn and printed, but nobody feel the charm of the oldest notes?</p><p><br /></p><p>Here are some samples of Kingdom of Sardinia notes (Regie Finanze del Regno di Sardegna), the first Italian paper money, issued since January 1746 to September 1799.</p><p><br /></p><p>The first issue, in 1746, is for financing the war of Kingdom of Sardinia, allied with Austria, against France and Spain. These bills are a hybrid between banknotes and bonds, because they give 4% interest, with maturation after four years.</p><p>The notes are a great success, and their circulation goes virtuously until 1783, when the bad result of the wheat harvest forces the issuance of a large number of notes, and once started to roll on this slope is impossible to go back, because people continues to have trust in this financial instrument, which causes increase of new issues by government. </p><p><br /></p><p>When, in 1798, Piedmont and Turin are occupied by Napoleon, who proclaims the Piedmontese Republic, the amount of circulating notes is really huge, and their real value is only one third of their face value.</p><p>On September 1st, 1799 a final issue is made for 20 million Lire, but people has now lost trust in paper money and refuses to accept: all notes are declared out of legal tender by a decree of July 28th, 1800.</p><p><br /></p><p>From my collection 25 Lire, October 1st, 1792</p><p><br /></p><p><br /></p><p>[ATTACH]228660.vB[/ATTACH]</p><p><br /></p><p><br /></p><p>50 Lire, October 1st, 1792. The notes of the last years are more common, the first years could be prohibitively expensive</p><p><br /></p><p><br /></p><p>[ATTACH]228661.vB[/ATTACH]</p><p><br /></p><p><br /></p><p>Last issue, September 1st, 1799, 50 Lire</p><p><br /></p><p><br /></p><p>[ATTACH]228662.vB[/ATTACH]</p><p><br /></p><p><br /></p><p>100 Lire, last issue 1799. The back of all these notes is blank</p><p><br /></p><p><br /></p><p>[ATTACH]228663.vB[/ATTACH]</p><p><br /></p><p><br /></p><p>petronius <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie6" alt=":cool:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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