10 Thalers Courant Braunschweigische Bank

Giesecke & Devrient produced this note during the brief window between Prussian annexation of the Kingdom of Hanover in 1866 and the formal monetary unification that followed the founding of the German Empire in 1871. The Braunschweigische Bank was one of a dwindling number of regional issuing institutions still operating under the old Thaler system — the Reichsmark would displace it within a few years, making this series short-lived almost by design.

Wilhelm von Kaulbach was a Munich history painter of considerable reputation, not a banknote designer by trade. His involvement suggests the bank was deliberately reaching for cultural prestige at a politically uncertain moment.