The highest denomination of the thaler issue of the Duchy of Warsaw in a very nice state of preservation.
Variety with a liquidation stamp on the reverse side. Malachowski signature.
Undisputedly the rarest denomination, coveted by collectors in any state of preservation, many times rarer than other denominations.
Offered piece attractive, definitely above average.
Broken several times in the field, but the edges are even in their course, with no significant cuts or tears.
On the vertical lines of the breaks, the paper delaminates, typical of banknotes printed on fine paper.
The paper is exceptionally clean, the printing contrasting, and the dry stamps well imprinted and legible. No invalidations with colored crayon.
In this state of preservation, this is an item that will find its place in any collection, even an advanced one.
In 1807, the Duchy of Warsaw was established by Napoleon and suffered a major crisis due to, among other things, the devastation of war and the cost of maintaining a large army. The Duchy suffered from a cash deficit, so due to the difficult economic situation of the Duchy, it was decided to issue new paper money. Prince Frederick August issued a decree in 1810 that established cash tickets as new means of payment. Printed in Dresden, the tickets, with denominations of 1, 2 and 5 thalers, were introduced into circulation on July 1, 1811. Like the tickets of the Kosciuszko insurrection, they had a cash rate and 4 copper pennies were deducted from each exchanged thaler, making these tickets not positively received by the population. In 1813, with the entry of Russian troops into the Principality, the cash tickets were withdrawn from circulation.
