20 Gulden

The Privilegirte Vereinigte Einlösungs- und Tilgungs-Deputation was created by the Austrian state in 1811 specifically to manage the catastrophic fallout of the Finanzpatent of that year — a forced devaluation that reduced the face value of all existing Bancozettel notes to one-fifth of their nominal worth. The institution was not a bank in any conventional sense but an administrative body tasked with absorbing and retiring the old inflated paper, issuing new Einlösungsscheine in exchange.

The 1813 date places this note deep inside the Napoleonic Wars financing crisis, when the Habsburg state was effectively insolvent and public trust in paper currency had been shattered by the 1811 collapse. Redemption notes of this series rarely survived in quantity — most were returned through the very retirement mechanism the Deputation existed to operate.