25 Daler Bank Note
date: label: Date made
content: 1666-03-21
name: label: issuing authority
content: Bank of Stockholm
notes: label: Description
content: 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.
label: Description
content: 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.
label: Location
content: Currently not on view
place: label: Place Made
content: Sweden: Stockholm, Stockholm
setName: label: See more items in
content: Work and Industry: National Numismatic Collection
label: See more items in
content: Coins, Currency and Medals
dataSource: label: Data Source
content: National Museum of American History
identifier: label: ID Number
content: 1999.0149.09
label: serial number
content: 658
label: catalog number
content: 1999.0149.09
label: accession number
content: 1999.0149
objectType: label: Object Name
content: credit note
label: Object Type
content: paper money
physicalDescription: label: Physical Description
content: paper (overall material)
label: Measurements
content: overall: 15.5 cm x 19 cm; 6 1/8 in x 7 1/2 in