6 riksdaler banco, Sveriges rikes ständers bank, 1841
The banknote 6 riksdaler 32 skilling banco – 10 riksdaler riksgälds – was issued from 1835 to 1858. It is made of three layers of semi-transparent handmade paper. On the banknote we can read three different denominations – 6 riksdaler 32 skilling banco, 10 riksdaler riksgälds and 2 1/2 riksdaler silver specie.
The Riksbank, Sweden's central bank, and the National Debt Office had been issuing banknotes in riksdaler denominations since 1777 and 1789 respectively. Therefore, the designation ‘riksdaler banco’ was used for the Riksbank's banknotes and ‘riksdaler riksgälds’ for the Riksbank's banknotes.
The Riksbank's banknotes were worth more than those of the National Debt Office because they could be redeemed for silver coins, which the National Debt Office's banknotes could not. In 1834 the rate was set at 2 2/3 riksdaler banco = 4 riksdaler riksgälds, which meant that the banknote in the display case of 6 riksdaler and 32 skilling had the same value as 10 riksdaler riksgälds.
The fact that the riksgälds denomination appears on a Riksbank banknote is because people generally counted in riksgälds. The Swedish National Debt Office's banknotes were more widely used because they were in lower denominations than the Riksbank's.
The last denomination 2 1/2 riksdaler silver specie stood for riksdaler in struck coin. The silver riksdaler was worth more than the riksdaler banco note, as shown by the fact that 6 daler and 32 skilling banco could be exchanged for 2 1/2 riksdaler silver specie.
