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10 Thalers

Issuer Königlich Sächsisches Cassen-Billet (Royal Saxon Treasury)
Year 1867
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Shape Rectangular
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Obverse lettering Zehn Thaler königlich Sächsisches Cassen-Billet. In Gemässheit des Gesetzes vom 2. März 1867. Die Commissarien:
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Reverse lettering ZEHN THALER / Königlich Sächsisches Cassen-Billet
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Comments

Saxony's Cassen-Billet notes were state treasury obligations rather than bank-issued currency — a distinction that mattered legally and financially to holders. This 1867 issue came just before the political rupture that would end Saxon monetary independence: following the Austro-Prussian War of 1866, Saxony was absorbed into the North German Confederation, and within a few years the newly unified German Reich was building toward a single currency. The 10 Thaler denomination was already living on borrowed time.

Giesecke & Devrient, then barely fifteen years old as a firm, printed the series in their own city of Leipzig — one of their earliest major state commissions, and a relationship with German monetary authorities that would define the company for the next century and a half.

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