B.V.B Pick A100b Sweden Riksens Ständers Wexel-Banco 1844 PMG 35 Rare

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Swedish Banknotes

Between 1661 and 1667, Stockholms Banco issued notes in a large range of denominations of riksdaler specie (50 up to 1000), silver daler (50 up to 1000) and copper daler ( 12 ¹⁄₂ up to 1000). Paper money production resumed in 1701, with issued from the Kongliga (later Riksens) Ständers Wexel-Banco. Many of these notes had the value written in by hand at the time of issue. Printed denominations were 6, 9, 12, 24 and 36 copper daler (daler KMT).

In 1777, banknotes were introduced in denominations of 2 and 3 riksdaler, although notes with hand written amounts continued to be issued until 1836. In 1802, smaller denominations of 8, 12 and 16 schillingar were introduced, followed by notes for 10 and 14 skillingar in 1803.

The Riksgälds Contor introduced notes with handwritten denominations in 1790. Printed denominations of 12, 16 and 24 schillingar, 1, 2 and 5 riksdaler were introduced in 1791, followed by 10, 50 and 100 riksdaler in 1816. The Riksgälds Contor ceased printing paper money in 1834.

From 1834, the Riksens Ständers Wexel-Bank issued notes for 8, 12 and 16 schillingar banco and 2 and 3 riksdaler banco. The schillingar banco notes were issued until 1849 but the riksdaler notes were only issued until 1836.

Between 1835 and 1836, the Rikes Ständers Bank introduced notes in denominations of 32 skilling banco, 2,  6 ²⁄₃, 10,  16 ²⁄₃,  33 ¹⁄₃, 100 and 500 riksdaler banco. The notes were also marked with the denominations in riksdaler riksgälds (1, 3, 10, 15, 25, 50, 150 and 750) and riksdaler specie ( ¹⁄₄,  ³⁄₄,  2 ¹⁄₂,  3 ³⁄₄,  6 ¹⁄₂,  12 ¹⁄₂,  37 ¹⁄₂ and  187 ¹⁄₂). The last of these notes were produced in 1857.

From 1858, the Rikes Ständers Bank issued notes for 1, 5, 10, 50, 100, 500 and 1000 riksdaler riksmynt. Production of these notes was taken over by Sveriges Riksbank in 1869, with the notes issued until 1873.

Riksdaler accounting system

In 1776, a new currency system was announced, which came into use at the beginning of 1777. The new currency was based on the riksdaler subdivided into 48 skilling (worth two old öre, sometimes spelled schilling with the plural schillingar), with each skilling further subdivided into 12 rundstycken. Pre-existing copper coins were halved in value and only the most recent silver coins retained their face values.

The new currency was issued in banknotes (fiat money) and silver and copper coins. At first, only the Riksens Ständers Wexel-Banco (the Bank of the Riksdag of the Estates) could issue banknotes but, in 1789, the Riksgälds Contor (Swedish National Debt Office) was established and given the right to issue its own banknotes. The riksdaler specie was minted in silver, the riksdaler banco was issued by the Bank and the riksdaler riksgälds was issued by the Debt Office. Both the Bank and Debt Office issued copper coins.

The riksdaler specie was protected against inflation through its connection to silver but the banknotes suffered heavily from a seigniorage induced inflation. In 1803, the values of the two paper moneys were tied, with 1 riksdaler banco =  1¹⁄₂ riksdaler riksgälds. In 1830, the exchange rate to the silver coinage was also fixed, with 1 riksdaler specie =  2²⁄₃ riksdaler banco = 4 riksdaler riksgälds. The value of the copper coins of the Riksens Ständers Wexel-Banco fell (relative to silver) in line with the bank's paper money. Thus, from 1830, there were 128 bank skilling to the riksdaler specie and these became the new standard subdivision of the riksdaler specie in 1834, carrying the name skilling banco.

SOURCE: https://en.wikipedia.org/wiki/Swedish_riksdaler