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50 Kronor

Issuer Norrköpings Enskilda Bank
Year 1877
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Currency Krona (1873-date)
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Reverse description The reverse is printed in a uniform warm brown tone and centres on a large ornate elliptical guilloche frame enclosing the bold numeral 50, flanked on either side by circular medallion vignettes each bearing a female portrait bust in profile. The bank name NORRKÖPINGS ENSKILDA BANK arcs across the upper portion of the central frame, with FEMTIO KRONOR inscribed along the lower arc. The four corners repeat the denomination numeral 50 within guilloche rosettes, and a perforation cancel reading BAV & Co LONDON is struck across the lower centre.
Reverse lettering NORRKÖPINGS ENSKILDA BANK
FEMTIO KRONOR
50
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Comments

Norrköpings Enskilda Bank was one of Sweden's longer-surviving private banks, chartered under the 1824 enskilda bank legislation that allowed provincial institutions to issue their own notes against a metallic reserve. By 1877 that system was already under pressure — the Riksbank was steadily consolidating note-issuing authority, and most enskilda banks would lose their right to issue entirely under the 1897 reforms.

Printing in London rather than Stockholm was common for Swedish provincial issuers at this period, with Perkins Bacon handling a significant share of the work. The quality of intaglio security printing available domestically simply couldn't match what the London trade houses could produce at competitive cost.

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