200 Francs

The Ländliche Spar- und Leihkasse in Appenzell was a rural savings and lending cooperative, not a cantonal bank — one of dozens of such private institutions that issued their own notes in Switzerland before the Federal Banking Law of 1881 began tightening the rules on note issuance. The 1880s were the last viable decade for institutions of this type to circulate paper; the Swiss National Bank's eventual monopoly, formalized in 1907, rendered all such private issues obsolete.

The Richt/Kunz reference points to a known but genuinely scarce series. Appenzell Innerrhoden was among the smallest cantons, and circulation would have been correspondingly limited.