Italy. - 130 Miniassegni Lire 1977/1978 (No reserve price)

The lot of 130 miniassegni for sale is an interesting testimony of a particular phase of Italian monetary history. It consists of documents that, beyond their collectible value, possess notable historical, economic and graphic interest. The lot presents a good variety of issuing banks, denominations, colors and types of miniassegni. Its strength lies above all in its ability to document a phenomenon typically Italian of the Seventies, when these titles temporarily replaced the small-denomination coins that were scarce in everyday circulation. The miniassegni spread in Italy mainly between 1975 and 1978, during a period of great difficulty in obtaining small-value metal coins. Banks issued low-value checks, accepted by merchants and used effectively as a means of payment. They were not legal tender coins in the traditional sense, but bank securities that ended up performing a function similar to small change. The lot presents a mix of miniassegni FDS and circulated, as shown in the photographs. There may be the presence of pronounced folds and tears; corners and edges may not be intact. There may be occasional small stains, abrasions or inscriptions; see the front and back photographs, an integral part of the listing.

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