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10 Gulden

Issuer Wiener Stadt Banco
Year 1800
Type Standard circulation banknote
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Reverse description The reverse is largely unprinted, with the face design visible in bleed-through. Two circular watermark medallions appear at upper left and upper right, flanking a central rectangular cartouche, all formed in the paper itself; an all-over ornamental guilloche underprint pattern covers the field, and a manuscript handwritten signature appears at lower left.
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Protection description Watermark incorporating the denomination numerals '10', the Roman numeral 'X', the date elements '18' and '00', and an ornamental device, formed in the paper during manufacture.
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The Wiener Stadt Banco was Austria's oldest public financial institution, founded in 1706 to manage the city of Vienna's municipal debt. By 1800, it had long since become the de facto issuer of Austria's paper currency — the Banco-Zettel — though it operated under chronic pressure from Habsburg war financing, particularly the costs of the Revolutionary Wars against France. Notes of this period were issued in enormous quantities to cover military expenditure, and the resulting inflation would eventually force the catastrophic 1811 Finanzpatent, which devalued outstanding paper currency to one-fifth of its face value.

The watermark is the sole security measure, characteristic of the series throughout this period.