3 Mark - Frederick IV With monogram

Kurantbanken — formally Den Kongelige Banco — was Denmark's first true central issuing bank, founded in 1736. That date immediately poses a problem: a note attributed to 1713 predates the institution by over two decades. The 1713 date places this firmly in the period of the older Banco og Assignations-, Vexel- og Laane-Banken, established 1736's predecessor structures, and Denmark's near-bankruptcy under Frederick IV following the Great Northern War — a period when assignats and hand-issued instruments circulated under considerable fiscal strain.

The Pick A12 attribution suggests this is among the earliest documented Danish paper issues, which survived in extremely small numbers.