50 Gulden

The k.k. Staats-Central-Cassa was not a bank in any conventional sense — it was the Habsburg imperial treasury's direct instrument for financing the 1848–49 revolutionary crisis. When the uprisings across the empire stretched military expenditure beyond what normal credit channels could cover, the Staats-Central-Cassa began issuing these notes as state obligations rather than bank currency, a legally and politically significant distinction that bypassed the Privilegirte Oesterreichische National-Bank entirely.

The 50 Gulden denomination circulated at a moment when public confidence in Austrian paper was badly shaken by the wars in Hungary and Italy. Notes from this emission are frequently found with cancellation punches — most were formally withdrawn once stability returned in the early 1850s.