Sweden Paper Money - 1661 Palmstruch Issues

**Johan Palmstruch** **1661 Issues**
P.A1 10 Daler 1666

**BACKGROUNDER**
Johan Palmstruch issued the first European banknotes starting in 1661. No 1661 dated examples are known to have survived but a 1666 example is shown above. For another early European issue see the Norway - Jorgen Thør Mǿhlen notes which were issued in 1695. The world's first banknotes issued were during the Tang Dynasty in China, ca. 618 - 907AD. They were issued as certificates in various amounts and were transferable, therefore could be classified as paper money by our current definition. These notes were referred to as flying money.