32 Rigsbankskilling - Frederik VI

Frederik VI issued this denomination during the long fiscal hangover following the Napoleonic Wars, in which Denmark had backed Napoleon and paid dearly — state bankruptcy was declared in 1813, and the subsequent currency reform under the Rigsbankssystemet in 1813–1818 restructured the entire monetary order. The Rigsbank skilling denominations were products of that reorganization, replacing the discredited courant system at a fixed conversion rate that wiped out substantial private wealth.

The .687 fineness reflects a deliberate compromise: enough silver to restore credibility, not enough to strain a treasury still clawing back solvency.