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500 Gulden
| Issuer | Oesterreichische National Zettel Bank |
|---|---|
| Year | 1816 |
| Type | Log in to see details |
| Value | 500 Gulden |
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| Composition | Log in to see details |
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| Obverse description | Typeset note on lightly guilloche-patterned paper with a large oval vignette at upper left enclosing the numeral "500", and a second oval at lower left inscribed "Fünf Hundert Gulden Silber-Münze". The denomination "Fünf Hundert Gulden" is rendered in bold blackletter script at top centre, with the issuing authority's text and redemption clause in smaller letterpress below. A handwritten serial number appears at upper right. |
|---|---|
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| Protection type | Watermark |
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| Comments |
The Oesterreichische National Zettel Bank was itself a crisis institution, founded in 1816 specifically to address the wreckage left by the Bancozettel collapse and the 1811 state bankruptcy, which had wiped out roughly 80% of paper money values through forced conversion. This 500 Gulden note belongs to the bank's earliest emission — high-denomination paper issued into a public that had just been burned badly by state-issued notes and had every reason to distrust anything printed.
Survival rate for this issue is extremely low. The denomination alone would have kept most examples in commercial rather than retail hands, reducing everyday handling but also concentrating losses when firms failed or records were destroyed.