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10 Kreuzers - Francis Joseph I

Issuer Austrian Empire
Year 1868-1872
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Value 10 Kreuzers (0.10)
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Reverse script Latin
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Mintage 1868 - - 11,681,680
1869 - - 29,628,270
1870 - - 34,878,309
1871 - - 1,700,080
1872 - - 65,553,577
Additional information

The billon 10 Kreuzer series emerged directly from the monetary upheaval following Austria's defeat at Königgrätz in 1866, which forced Vienna into a humiliating fiscal retrenchment. The war had drained the treasury, suspended silver convertibility, and compelled the government to issue paper florin notes that promptly depreciated. Coinage in proper silver became untenable; the .400 fineness of this type was a deliberate downgrade, allowing the mint to stretch reserves while maintaining the nominal face value.

The series was rendered obsolete well before its time — the Austro-Hungarian Compromise of 1867 set Austria on a path toward decimal coinage, and the Kreuzer system was fully abandoned by 1892.

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