Italy 1871–1872 - Banca Italo-Germanica 250 Lire Specimen (Pick S976s)
The survival of this particular note is itself remarkable. Oversized, fragile, and produced on early BWC security paper, such pieces were highly vulnerable to destruction. Most unadopted private note designs were discarded by banks, burned during liquidation, or lost during institutional mergers. Specimens from failed Italian banknote issuers of the 1870s are almost nonexistent, and the Banca Italo-Germanica ranks among the most elusive of them all. Read more →