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10 Gulden
| Issuer | Privilegirte Vereinigte Einlösungs- und Tilgungs-Deputation |
|---|---|
| Year | 1811 |
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| Shape | Rectangular |
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| Obverse description | Letterpress-printed Einlösungs-Schein on plain paper with an elaborate border of interlocking guilloche medallions containing numeral "1" and "10" devices at each corner and side. Central text panel bears the denomination "von Zehn Gulden" in Gothic script, dated Vienna 1 March 1811, with issuer inscription below. Two manuscript signatures appear beneath the body text, with serial number and an oval arms vignette at lower centre. |
|---|---|
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| Variants | P#A47a - Issued note P#A47b - "Formulare" |
| Comments |
The Privilegirte Vereinigte Einlösungs- und Tilgungs-Deputation was not a bank in any conventional sense — it was a state mechanism created specifically to manage the catastrophic aftermath of Austria's 1811 Finanz-Patent, the partial state bankruptcy that reduced existing banknotes to one-fifth of their face value. This institution issued new Einlösungsscheine to replace the discredited Banco-Zettel at the mandated conversion rate, a process that wiped out enormous amounts of private savings.
The 1811 collapse was partly driven by the ruinous cost of the Napoleonic Wars and Austria's repeated suspension of convertibility since 1797. Notes from this redemption series circulated under deep public distrust.