50 Gulden

The Bank in St. Gallen was one of several cantonal banks issuing notes during the turbulent Swiss note-issuing free banking period, decades before the Swiss National Bank consolidated currency authority in 1907. Having this note printed by Draper, Toppan, Longacre & Co. in the United States was not unusual for the period — the Philadelphia firm was among the most technically sophisticated security printers in the world during the 1830s, and Swiss institutions were not alone in crossing the Atlantic for quality intaglio work.

Draper, Toppan, Longacre & Co. dissolved in 1839, which gives this 1837 note a narrow production window within the firm's short existence.