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5 Thaler

Issuer Königlich Sächsische Cassen-Billet (Royal Saxon Treasury)
Year 1867
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Value 5 Thalers
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Obverse lettering Fünf Thaler Königlich Sächsisches Cassen-Billet. In Gemässheit des Gesetzes vom 2. März 1867. Die Commissarien:
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Reverse lettering FÜNFTHALER KÖNIGL. SÄCHSISCHES CASSEN-BILLET.
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Comments

Saxon treasury notes of this period occupied an awkward transitional position: Saxony had its own monetary system anchored to the Thaler, but was simultaneously being drawn into the North German Confederation's orbit following Prussia's decisive victory over Austria in 1866 — a war in which Saxony fought on the losing side. This note was issued just one year after that defeat, when Saxon fiscal autonomy was already visibly shrinking.

Giesecke & Devrient, then still establishing itself as the dominant German security printer, produced this series at their Leipzig facility — a fortunate geographical coincidence, given that Leipzig was itself a Saxon city and the firm's home base.

The Thaler-denominated series was withdrawn following German monetary unification and the adoption of the Mark in 1871–1873.

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