2 Riksdaler Specie

Riksens Ständers Wäxel-Banco — the Estates of the Realm Exchange Bank — was the issuing authority of the Swedish state from 1668 until it was reorganized into the Riksbank in 1866, making it one of the oldest note-issuing institutions in the world. By the late eighteenth century its notes circulated alongside the competing issues of the Riksgäldskontoret, the National Debt Office established in 1789, and the tension between the two institutions destabilized Swedish monetary policy for decades.

The 1777–1812 date range reflects a long printing run during which Sweden passed through the fiscal strains of the Russo-Swedish War of 1788–1790, and a period of serious currency depreciation that ultimately forced a monetary reform in 1834. Notes from this series that survived without redemption cancellation are the exception.