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100 Kronen

Issuer Oesterreichisch-ungarische Bank
Year 1920
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Size 164 × 108 mm
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Obverse description This note is an overprint issue on the Austro-Hungarian Bank 100 Kronen note of 1912 (P-12), with the Austrian arms vignette at left and the overprint text 'Ausgegeben nach dem 4. Oktober 1920' applied in black letterpress across the face. A female portrait vignette in intaglio appears within an oval frame at right, set against a guilloche underprint in violet and rose tones. German-language inscriptions identify the issuing authority and denomination, with two manuscript signatures below the central text block.
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Reverse description The reverse of the underlying 1912 Austro-Hungarian Bank note, printed primarily in Hungarian, with the Hungarian arms vignette at lower left within a guilloche border. A female portrait vignette in an oval frame appears at right, mirroring the obverse composition, and the denomination numeral '100' is rendered in large figures at center right within an ornate guilloche panel. The Hungarian-language warning inscription runs along the lower right margin.
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Comments

Pick 47 is an Austrian rump-state overprint on a note designed for a multinational empire that no longer existed. After the dissolution of Austria-Hungary in 1918, the successor states scrambled to differentiate their inherited currency stocks — Austria stamped its share with "Deutschösterreich" and later "Österreich" overprints to prevent notes from circulating freely across the new borders and being used to drain Austrian reserves.

The 1920 date reflects the overprinting campaign rather than the original print run, which preceded the armistice. Unstamped examples of the underlying note are considerably more common than clean, fully struck overprint copies, as the stamping was applied hastily and unevenly across large quantities.

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