Catalog
See full images - free registration
Continue with Google - no registration!
or register with email
Why register? Just to keep bots out of our catalog. Your email stays private - we will never share it or send you anything uninvited. We guarantee you that!
1.000.000 Kronen
| Issuer | Oesterreichische Nationalbank |
|---|---|
| Year | 1924 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | 1924 |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Predominantly blue-violet face printed with an elaborate all-over guilloche underprint centred on the large numeral 1.000.000. Symmetrical rosette medallions occupy the left and right fields, and the denomination legend appears across the top border. A cautionary text band runs along the lower centre. |
| Reverse lettering | EINE MILLION KRONEN 1.000.000 DIE NACHMACHUNG DER BANKNOTEN WIRD GESETZLICH BESTRAFT |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
Austria's postwar hyperinflation peaked in 1922, and by the time this note was issued in 1924 the Oesterreichische Nationalbank had already committed to replacing the entire Kronen system with the new Schilling — at a conversion rate of 10,000 Kronen to 1 Schilling. A denomination of one million Kronen, which would have been unimaginable before the war, was by this point barely adequate for routine transactions.
The stabilization program, backed by the League of Nations loan of 1923, is the direct reason this note exists at all: the Bank needed high-denomination paper to bridge the gap while the new currency was prepared. Circulation was short, redemption swift.