Austrian Banknotes

Discussion in 'Paper Money' started by Matthew Kruse, May 20, 2021.

  1. Matthew Kruse

    Matthew Kruse Young Numismatist

    June 28, 1914 was the assassination of Archduke Franz Ferdinand and the start of WWI

    June 28, 1919 was the signing of the Treaty of Versailles and the end of WWI

    Austria owed a bunch of war reparations and they "solved" the problem by printing a ton of money, pretty much making it worthless. :rolleyes: (hyperinflation)

    Here are some Austrian banknotes from 1920 and 1921 (100 years old!!!)

    upload_2021-5-20_16-53-28.jpeg
    upload_2021-5-20_16-53-10.jpeg
     
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  3. Matthew Kruse

    Matthew Kruse Young Numismatist

    For those wondering how I got these - I traded a few ATB quarters to a guy in Germany on Numista.
     
  4. alurid

    alurid Well-Known Member

    Those are really awesome pieces. The bear is just to funny. :eek:
     
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  5. SteveInTampa

    SteveInTampa Always Learning

    Interesting. My first thought was they looked a lot like the illustrations in a Comic Book. Thanks for sharing.
     
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  6. lettow

    lettow Senior Member

    Only the first note (90 heller) is Austrian. The others are German Serienscheine notgeld, not Austrian. German Notgeld is in marks (M) and pfennig (pfg). Austrian Notgeld is in Kroner (K) and heller,

    While Austria suffered post war inflation, it was not as severe as the German hyperinflation of 1923. The Austrian monetary reform of 1925 converted K 10,000 to 1 schilling.
     
  7. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Two thumbs up
     
    Matthew Kruse likes this.
  8. Matthew Kruse

    Matthew Kruse Young Numismatist

    Thank you for that information. It makes more sense now haha.
     
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