1 Mark - Frederick IV With monogram

Denmark's Courantbanken had been issuing paper currency since 1713 under acute fiscal pressure — the Great Northern War was draining the treasury, and Frederick IV needed instruments that could circulate domestically without drawing down metallic reserves already committed to the conflict. The 1-mark denomination was the smallest in the wartime series, intended for everyday transactions at a moment when coin was being actively hoarded or melted.

The royal monogram appearing on these notes functioned as a statement of sovereign guarantee at a time when confidence in Danish paper was fragile at best. Significant quantities were never redeemed and simply wore out in circulation, which accounts for the near-total absence of survivors in collectible condition today.