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10 Gulden

Issuer Die Bank in St. Gallen
Year 1837
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Value 10 Gulden
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Obverse description The upper central vignette shows a seated boy (Mercury figure) holding a caduceus, flanked by a dog with a key and a basket; to the left a vignette of a steamship with a rowboat, and to the right a train crossing a bridge. Denominational numerals "10" appear in oval cartouches at the left and right margins, with rosette guilloche underprint panels framing the central text block. The note was engraved and printed by Draper, Toppan, Longacre & Co. of Philadelphia and New York.
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Reverse description The reverse is plain and unprinted, with no design or text applied. The example shown appears to be an unissued remainder, evidenced by cancellation punch holes.
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Die Bank in St. Gallen was one of several cantonal private banks issuing notes in Switzerland during the 1830s, a period when federal banking regulation simply did not exist. That absence explains why a Swiss institution had its notes printed by an American security printer — Draper, Toppan, Longacre & Co. was among the most capable intaglio engravers working in the United States at the time, sought out internationally precisely because Swiss and German printers lacked comparable anti-counterfeiting technology.

Draper, Toppan, Longacre & Co. would later reorganize into the American Bank Note Company in 1858.

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