Catalog
24 (tjugu fyra) Daler Kopparmynt
| Issuer | Riksens Ständers Wäxel-Banco |
|---|---|
| Year | 1748-1761 |
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| Currency | Daler Kopparmynt (1633-1776) |
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| Obverse description | Unillustrated transport note printed by letterpress in black ink on hand-laid paper, with the curved calligraphic header 'Banco-transport-Sedel No' at the top followed by a handwritten serial number. The main text body, set in a combination of typeset and manuscript script, reads the full obligation in Swedish, specifying the denomination of 24 Daler Kopparmynt, the issuing authority 'Riksens Ständers Wäxel-Banco', the place 'Stockholm', and a handwritten date. The denomination is also restated in Finnish ('Nålje colmatta kymmendä Daleri Kupar raha') at the foot of the note, with manuscript signatures of authorizing officials. |
|---|---|
| Obverse lettering | Banco-transport-Sedel No Åt riksens Ständers Wäxel-Banco hafwer Sekreteraren insatt på Transport-Räkningen Tjugu Fyra Daler K:mt. Hwilka 24 Daler K:mt böra egenhändigt och tydeligentransporteras med dog och ähre-tahl, ifrån man til man; Skolandes innchafwaren af then sifsta transporten utbefomma ofwan bemälte Summa. Stockholm then Anno 175 Säg Tjugu Fyra Daler K:mt. Nålje colmatta kymmendä Daleri Kupar raha. |
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The Riksens Ständers Wäxel-Banco — the Estates of the Realm's Exchange Bank — was the world's first central bank, established in Stockholm in 1668 after the catastrophic collapse of Johan Palmstruch's Stockholms Banco. These notes denominated in Daler Kopparmynt reflect one of the more absurd monetary accounting problems in European history: by the mid-eighteenth century, the copper-based Daler Kopparmynt had diverged so severely from the silver Daler Silvermynt that it took over three copper dalers to equal one silver, forcing Sweden to maintain parallel denominational systems simultaneously.
The 1745–1766 period saw the bank under heavy political pressure from the "Cap" and "Hat" party factions, each manipulating note issuance for war financing. Inflation from overprinting eventually forced the 1776 monetary reform under Gustav III.