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1 Gulden
| Issuer | Privilegirte Oesterreichische National-Bank |
|---|---|
| Year | 1848 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#A81 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Blank, unprinted verso with no design elements, consistent with the emergency issue character of this note. |
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| Variants | P#A81 - Issued note |
| Comments |
The 1848 date is the key detail here. The Privilegirte Oesterreichische National-Bank issued small-denomination notes into a Vienna convulsed by revolution — the March uprising, Metternich's flight, the imperial court's temporary retreat to Innsbruck. Demand for hard coin spiked sharply as public confidence collapsed, and low-value paper was pushed out as a substitute for the silver and copper that immediately vanished from circulation.
The watermark security on this denomination was modest by the bank's own standards, and contemporary accounts note widespread counterfeiting of the smaller gulden notes during this period precisely because detection was difficult in everyday market transactions.