10 Schilling

The Oesterreichische Nationalbank was itself only a few years old when this note was issued — established in 1923 as part of the League of Nations-supervised stabilization program that rescued Austria from the hyperinflation that had obliterated the old Krone. The Schilling series that followed was a deliberate act of monetary reconstruction, and this denomination was central to everyday transactions during the fragile recovery years.

Schirnböck was among the most accomplished intaglio engravers working in Vienna during this period, and Löffler — better known as a Wiener Werkstätte designer — brought an unusually decorative sensibility to what was otherwise functional state printing work.