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25 Gulden

Issuer Wiener Stadt Banco
Year 1800
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Shape Rectangular (hand cut)
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Obverse description Black letterpress text on white paper with no pictorial vignette, typical of early Austrian Banco-Zettel issues. The denomination numeral '25' appears at the top centre beneath the legend 'XXV Gulden', followed by the text 'Das ist Fünf u: Zwanzig Gulden' and the issuer title 'Wiener Stadt Banko-Zettel' in elaborate blackletter script. The lower portion carries multiple manuscript and printed signatures of officials of the Gmr. Stadt Wien Banco Zettels Haupt Kasse, a decorative border frames the note, and a handwritten serial number appears at the bottom.
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Protection type Watermark
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Comments

The Wiener Stadt Banco — formally the Banco del Wiener Stadt — was not a bank in any modern sense but a municipal credit institution founded in 1706 to manage Vienna's civic debt. By 1800, its Bancozettel notes had been circulating for decades and were chronically over-issued, a problem that would accelerate dramatically during the Napoleonic Wars. The 1811 Bankalzettel reform would eventually reduce all outstanding Banco notes to one-fifth of face value — a state bankruptcy in all but name.

Watermark security at this period was the primary anti-counterfeiting measure, the engraved printing technology of the era offering limited protection on its own.

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