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5 Gulden

Issuer k.k. Staats-Central-Cassa
Year 1849
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Value 5 Gulden
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Obverse description Dark rose-brown letterpress on pale stock with guilloche border. Central text reads "Zehn Gulden Conv. Münze" in bold blackletter script, above a dense paragraph of German text. Serial number and "Serie A." appear at top; a small circular vignette with numeral is centred above the denomination. Dated "Wien am 1. Jänner 1849" with two manuscript signatures below.
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Reverse description Plain unprinted stock carrying a detailed interest-accrual table in German, listing daily redemption values in Gulden and Kreuzer from 5 January 1849 through year-end. The table is set in small letterpress type across three columns with ruled borders, headed by a paragraph explaining the daily interest calculation of one Viertel Kreuzer per five days.
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Comments

The k.k. Staats-Central-Cassa — the Imperial-Royal State Central Treasury — issued this note amid the upheaval of 1848–49, when the Habsburg government was simultaneously fighting revolutions in Vienna, Budapest, and northern Italy while financing a war on multiple fronts. Paper money flooded out of necessity; the treasury was effectively insolvent in specie terms.

Printed in Vienna, this is a domestic emergency issue rather than a formal banknote — the Staats-Central-Cassa was a fiscal body, not a bank, and its notes carried the direct obligation of the imperial treasury. Heavy oversupply throughout the early 1850s drove significant depreciation before the series was eventually retired.

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