10 Gulden

Die Bank in St. Gallen was one of several cantonal private banks issuing notes in Switzerland during the 1830s, a period when federal banking regulation simply did not exist. That absence explains why a Swiss institution had its notes printed by an American security printer — Draper, Toppan, Longacre & Co. was among the most capable intaglio engravers working in the United States at the time, sought out internationally precisely because Swiss and German printers lacked comparable anti-counterfeiting technology.

Draper, Toppan, Longacre & Co. would later reorganize into the American Bank Note Company in 1858.