Catalog
2 Gulden
| Issuer | Privilegirte Vereinigte Einlösungs- und Tilgungs-Deputation |
|---|---|
| Year | 1811 |
| Type | Standard circulation banknote |
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| Obverse description | Black letterpress on white paper with ornate guilloche border of interlocking circular medallions. Large central legend "Einlösungs-Schein von Zwey Gulden" in Gothic script, with multilingual value cartouches at left ("Zwey Guld.", "Két forint") and right ("Dwa zlatych", "Dwa Ryńskich"). Two manuscript signatures and a handwritten serial number appear below the text block. |
|---|---|
| Obverse lettering | Einlösungs-Schein von Zwey Gulden Welcher in allen Kontributions- Kameral- und Haus- dann in allen andern landes-fürstlichen Kassen der k. österreichisch- und k. ungarisch-böhmisch-galizischen Erblanden für bares Geld, das ist für Zwey Gulden Conventions-Münze angenommen wird. Wien den 1ten März 1811. Pr. vereinigte Einlösungs und Tilgungs Deputation. Zwey Guld. Két forint Dwa zlatych Dwa Ryńskich |
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| Comments |
The Privilegirte Vereinigte Einlösungs- und Tilgungs-Deputation was not a bank in any conventional sense — it was a state liquidation body, created specifically to manage the catastrophic fallout of Austria's 1811 Finanzpatent, which devalued all existing banknotes to one-fifth of their face value overnight. The new notes issued by this body were themselves instruments of that devaluation, not replacements meant to restore confidence.
Austria had been financing the Napoleonic wars on printed paper, and by 1811 the Wiener Stadtbanko notes had inflated to near worthlessness. The Deputation's emissions were part of a forced conversion — holders of old notes received these at the punishing five-to-one rate.
The 2 Gulden denomination sits at the lower end of the series, suggesting it was aimed at smaller transactions during what was effectively a controlled monetary collapse.