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20 Kopecks Turku - Bank

Issuer Växel-, Depositions- och Lånebanken i Åbo (Exchange, Deposit and Loan Bank in Turku)
Year 1819
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Composition Paper
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Obverse lettering Uti Stor-Furstendömet Finlands Wäxel- Depositions- och Låne-Bank är insatt en Summa af Tjugu Kopek Kejserliga Ryska Banco Assignationer, hvilka 20 Kopek innehafwaren häraf har att återbekomma. Åbo den 22 Juni 1819
ДВАДЦАТЬ Копѣекъ.
Kari Kymmendä Kopekaa;
Tjugu Kopek.
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Protection description Circular impressed dry seal bearing the numeral '20' applied at lower centre of obverse; two manuscript countersignatures of bank officials applied in ink on the obverse
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Växel-, Depositions- och Lånebanken i Åbo was one of the earliest private banking institutions in Finnish territory, operating under Swedish-language administration in a city that had only recently passed from Swedish to Russian imperial rule. This note predates the founding of the Bank of Finland by three years — Finland had no central bank when it was issued, and regional commercial paper like this filled a genuine transactional void in the local economy.

Authentication relied entirely on dry embossing and handwritten signatures, which tells you something about the scale of the operation. Production was local rather than contracted to an established European printer, which is why surviving examples so frequently show uneven impression and ink variation.

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