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Rare example of a private credit certificate issued by Passigli & C. of Florence, authorized to publicly distribute Italian State prize bonds in collaboration with the “Dante Alighieri” Society and under the administration of the Bank of Italy.
This richly decorated certificate in green bears the royal Savoy emblem and grants the holder a guaranteed reimbursement of 25 Lire, issued on an installment basis. It allowed participation in two major annual prize drawings, held on June 30th and December 31st, with total annual prizes amounting to 5,870,215 Lire, awarded to thousands of winners.
This belongs to the first series issued on March 11, 1905, with a total circulation of 250,000 bonds, amortized over 50 years.
The certificate comes with its original complete attached sheet, featuring:
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A detailed prize drawing calendar from 1909 to 1954, broken down by years and prize amounts;
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The original commission and subscription form for traveling agents of Passigli;
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Full conditions for subscribing to the official bulletin listing the winning bond numbers.
Condition: Very good. Minor signs of aging. Archival punch holes as commonly found. Original stamps and company signatures intact.
Historical notes on Passigli & C.
Founded in the 19th century in Florence, Passigli & C. became one of the most prominent financial and editorial firms authorized to distribute State bonds with prize options. Its extensive network of traveling agents offered small savers across the Kingdom access to investment instruments at a time when public social security systems were just emerging.
Closely linked with the Dante Alighieri Society, Passigli played a cultural and financial role, making investments accessible to workers and employees, combining savings with state-guaranteed rewards.
Collector Value and Rarity:
Decorative and official documents like this are increasingly sought after by collectors of:
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Italian public debt bonds,
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Kingdom of Italy fiscal history,
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And the evolution of social welfare in Italy.
The inclusion of the original back sheet (often missing or separated) greatly enhances its documentary and historic value.
