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10 Kronor

Issuer Södermanslands Enskilda Bank
Year 1898
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Composition Cotton paper
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Reverse description The reverse is printed in olive-green on cream paper and centred on a large ornate cartouche bearing the denomination TIO in bold letters within an oval, flanked by KRONOR on each side in scrolled banners. Above the central oval, a crowned heraldic shield surrounded by oak-leaf and floral garlands forms the principal vignette, with small pastoral and architectural scenes worked into the lateral guilloche scrollwork. A ribbon below the central oval carries the bank name SÖDERMANSLANDS ENSKILDA BANK.
Reverse lettering KRONOR
TIO
KRONOR
SÖDERMANLANDS ENSKILDA BANK
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Comments

Södermanslands Enskilda Bank was one of Sweden's private note-issuing banks operating under the enskilda system, which allowed joint-stock banks to issue their own currency against a metallic reserve. The Riksbank held a legal monopoly on note issue in larger denominations, so private banks like Södermanslands confined themselves to smaller values — the 10 Kronor sitting squarely in everyday commercial use. By 1898 the clock was already running: the Riksbank Act of 1897 set in motion the gradual absorption of private note-issuing rights, and most enskilda banks surrendered their circulation privileges within a decade.

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