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| 正面描述 | The obverse carries an elaborate intaglio vignette on the left half, with two allegorical female figures — one standing in armour holding a torch and a chalice, the other seated beside a recumbent lion — rendered in a rich Victorian engraving style. The bank title 'ÖSTERGÖTLANDS ENSKILDA BANK' arches across the top in bold letterpress, flanked by the denomination numeral '50' in ornate cartouches at each corner. The central text panel bears the place and date 'LINKÖPING 1894' beneath the denomination legend 'FEMTIO KRONOR' in large Gothic lettering, with a blank series and number line above. |
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| 正面铭文 | ÖSTERGÖTLANDS ENSKILDA BANK Litt Nº inlöser vid anfordran denna banksedel med FEMTIO KRONOR LINKÖPING 1894 FEMTIO 50 |
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Östergötlands Enskilda Bank was one of Sweden's provincial private banks operating under the 1824 enskilda bank legislation, which permitted note issuance against the bank's own capital rather than government backing. By the 1890s, these institutions were already living on borrowed time — the Riksbank's monopoly on note issue was steadily tightening, and most enskilda banks had ceased circulation by 1904.
Waterlow & Sons printed for dozens of private and colonial issuers during this period, and their Swedish provincial commissions are among the less-documented parts of their output. Pick 738 is sparsely catalogued, which makes condition and provenance tracking difficult for this denomination specifically.