Catalog
10 Gulden
| Issuer | Privilegirte Oesterreichische National-Bank |
|---|---|
| Year | 1834 |
| Type | Standard circulation banknote |
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| Obverse description | Typeset note with an intricate engraved border of guilloche scrollwork and rosettes enclosing the central text field. The denomination "Zehn Gulden" appears in Gothic blackletter script at top centre, above a multi-line German-language promise-to-pay text and the issuer's name. The lower border carries "ZEHN ZEHN" in block letters flanking a central vignette of the Austrian imperial arms. |
|---|---|
| Obverse lettering | Zehn Gulden Die priv. oester. Nationalbank, zahlet dem Ueberbringer gegen diese Anweisung Zehn Gulden Silbermünze nach dem Conv: Fuße. Für die privilegirte oesterreichische National-Bank. Wien den 8. December 1834. ZEHN ZEHN |
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The Privilegirte Oesterreichische National-Bank was established in 1816 specifically to stabilize Austrian finances after the catastrophic Bancozettel inflation of the Napoleonic wars, during which paper money lost roughly 80% of its value through the 1811 devaluation decree. By 1834, the institution was still rebuilding public confidence in paper currency, and notes of this period circulated alongside a skeptical public that had lived through — or inherited memories of — that collapse.
Early issues in this series are rarely found without fold damage or edge wear; given that cotton paper of this period was thinner and more porous than later production runs, heavy circulation took a predictable toll.