5 Gulden

The Privilegirte Oesterreichische National-Bank was established by imperial patent in 1816, created specifically to absorb the catastrophic debt left by the Napoleonic Wars and the failed Bancozettel currency that had depreciated to roughly one-fifth of face value. This 1825 five Gulden note came roughly a decade into that stabilization effort, when public confidence in paper money was still fragile and the bank was operating under strict redemption obligations in silver.

Johann Baptist Danzinger was one of Vienna's foremost engravers of the period. The watermark — a relatively sophisticated security measure for Austrian provincial circulation at this date — was integral to the paper rather than applied after printing.