Variety with a stamp on the reverse. Signature of the commissioner Potocki.
Circulated piece several times broken and bent by drawing.
Natural from circulation paper curling and freshness within the lower and left edges.
Paper clean, naturally white, print pleasantly contrasting. Dry stamps legible.
A nice, still above average piece.
The Duchy of Warsaw was created by the Treaty of Tilsit in 1807. By decree of the Saxon King and Prince Frederick August of Warsaw on December 1, 1810, paper money was introduced - the cassation tickets of the Duchy of Warsaw. These were in the denominations of 1, 2 and 5 thalers. When paper money was exchanged for bullion money, a commission of 2.22% of the value was charged. Therefore, cash tickets did not enjoy the confidence of the population. In addition, a maximum of half the amount of taxes could be paid with paper money.
The layout was related to the circulating paper money issued at the time in the Kingdom of Saxony. These were one-sided rectangular prints characterized by a composition closed with an ornamental frame topped at the top with the Principality's coat of arms.
In 1812, the Duchy of Warsaw was occupied by the Russian army. Fleeing Warsaw, the Government of the Duchy took with it paper money, which was burned in Cracow. In 1815, the Central Liquidation Commission was established to collect paper thalers from the population. The cash tickets were stamped on the reverses with an elongated seal. However, their redemption never took place.
