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100 Gulden

Issuer Privilegirte Oesterreichische National-Bank
Year 1825
Type Standard circulation banknote
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Obverse description Cream-toned note with an elaborate letterpress border of floral and foliate ornaments. A central oval guilloche frame encloses the denomination numeral "100" at its base, above which the value legend "Hundert Gulden" is set in Gothic script. The text of the bank's promise and issuer name appear in two lines of italic script within the oval, with manuscript signatures and date at lower left and right.
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Reverse description Plain cream-coloured paper with no printed design, typeset, or vignette elements; the reverse is entirely unprinted.
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Comments

The Privilegirte Oesterreichische National-Bank was itself only a few years old when this note was issued — chartered in 1816 specifically to resolve the catastrophic inflation that had followed the Napoleonic wars, during which the previous Wiener Stadt-Banco had collapsed the currency with unredeemable paper. The 1811 Bankozettel devaluation had wiped out five-sixths of outstanding note value overnight, and public mistrust of paper money ran deep into the 1820s.

A 100 Gulden denomination in 1825 was a substantial sum — roughly several months' wages for a skilled tradesman — meaning this note circulated, if at all, almost exclusively in commercial and banking transactions rather than retail trade.

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