2 Mark - Frederick IV With monogram

This note dates to one of the most financially strained periods in Danish history. Frederick IV had entered the Great Northern War on the side of Russia against Sweden in 1709, and by 1713 the Danish crown was running dangerously short of metal currency to fund ongoing military operations. The assignat-style paper issues of this period were a direct consequence — forced instruments of a state that could not mint fast enough.

The monogram issues of 1713 are among the earliest Danish paper money and survive in very small numbers. Most perished in circulation or were withdrawn and destroyed once metallic payments resumed.