25 Daler Bank Note

Description
This 1666 private bank note is among the earliest paper currency items issued in the Western European tradition. The numerous signatures and seal represent the Bank of Stockholm in Sweden. The denomination is 25 dalers or silver coins of an official unit in that country.
Paper currency from its earliest introduction held the promise of convenience for users who needed to transport value over distances easily. But people with considerable property were skeptical about the supposed benefits of paper currency because of the potential during crises for abuse by governments or private issuers of this new tool or instrument of exchange. The bank that issued this note, for example, needed to devote considerable sums of money to various government officials to gain approval for this novelty. Within a few years, this experiment ceased when an audit showed that insufficient assets supported the amount of money issued by the Bank of Stockholm. During the 18th century, paper became widespread to facilitate trade and commerce.
Location
Currently not on view
Object Name
credit note
Object Type
paper money
Date made
1666-03-21
issuing authority
Bank of Stockholm
Physical Description
paper (overall material)
Measurements
overall: 15.5 cm x 19 cm; 6 1/8 in x 7 1/2 in
Place Made
Sverige: Stockholm, Stockholm
ID Number
1999.0149.09
serial number
658
catalog number
1999.0149.09
accession number
1999.0149
See more items in
Armed Forces History: National Numismatic Collection
Coins, Currency and Medals
Data Source
National Museum of American History, Kenneth E. Behring Center

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