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1 Gulden
| Issuer | Privilegirte Vereinigte Einlösungs- und Tilgungs-Deputation |
|---|---|
| Year | 1811 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#A44 |
| Obverse description | Black letterpress on white paper within an ornate typographic border of repeated rosette and guilloche ornaments. Central text in German Gothic script states the denomination and issuing authority, with multilingual denomination panels at each corner in German, Hungarian, Czech, and Polish. Two manuscript signatures appear below the main text block. |
|---|---|
| Obverse lettering | Log in to see details |
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| Protection type | Watermark |
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| Comments |
The Privilegirte Vereinigte Einlösungs- und Tilgungs-Deputation was not a bank in any conventional sense — it was a liquidation body, created specifically to manage the catastrophic fallout from Austria's 1811 state bankruptcy, the Finanzpatent of 20 February that year. The government had effectively devalued all outstanding Bancozettel by 80%, exchanging five old gulden for one new Einlösungsschein at face value. This note is one of those replacement instruments.
The watermark was the primary security measure, Vienna lacking the printing infrastructure for more sophisticated deterrents at that moment. Counterfeiting of the preceding Bancozettel had been widespread and a serious concern during the Napoleonic wars.