1 Krone

This note was issued under the Oesterreichisch-ungarische Bank's authority but into a state that no longer existed. By 1920, the Austro-Hungarian Empire had dissolved, and successor states were busy stamping or overprinting their own claims onto the bank's circulating stock. Austria itself was printing fresh small-denomination notes largely because the old coinage had vanished from circulation — hoarded, melted, or absorbed by neighboring economies during the chaotic post-war partition.

The 1 Krone denomination was near-worthless by issue date. Hyperinflationary pressure in early 1920s Austria would render it irredeemable within a few years, which is precisely why so many survive — nobody spent them.