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25 Gulden

Issuer k.k. Staats-Central-Cassa
Year 1849
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Value 25 Gulden
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Reverse description The reverse carries a detailed interest accrual table printed in letterpress, headed by the year 1849 and listing daily accumulated values for each month from Jänner (January) through December. Columns are arranged in a ruled grid showing Gulden and Kreuzer amounts, providing the holder with the redemption value of the note for each day of the year.
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Variants P#A103a - Issued note
P#A103b - "Formulare"
Comments

The k.k. Staats-Central-Cassa — the Imperial-Royal State Central Treasury — issued this 25 Gulden note during one of the most turbulent periods in Habsburg fiscal history. The revolutions of 1848 had drained state finances severely, and paper emissions of this kind were a direct response to the liquidity crisis caused by the flight of silver coinage from circulation. Public confidence in government paper was low, and hoarding of metal was widespread.

Printed in Vienna by the state printing works, this issue predates the consolidation of Austrian note-issuing authority under the Nationalbank, which gradually absorbed treasury paper functions through the 1850s.

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