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1000 Kronen

Issuer Oesterreichisch-ungarische Bank
Year 1919
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Value 1000 Kronen
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Obverse description Printed in blue on cream paper, the obverse carries a large intaglio vignette at right of a young woman in three-quarter portrait, her dark hair wreathed with flowers, set within an ornate oval frame against elaborate guilloche borders. The centre panel bears the denomination legend in bold letterpress above the issuing authority name and date Wien, 2. Janner 1902, with the denomination also rendered in multiple languages in the upper left panel. A red two-headed eagle overprint reading DEUTSCHOSTERREICH is applied across the upper centre, and a black ECHT authentication stamp appears at the left margin.
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Reverse lettering EZER KORONA
AZ OSZTRAK=MAGYAR BANK E BANKJEGYERT BARKI KIVANASAGARA AZONNAL FIZET BECSI ES BUDAPESTI FOINTEZETEINEL
TORVENYES ERCZPENZI · BECS · 1902 · JANUAR 2.
OSZTRAK=MAGYAR BANK.
FOTANACSOS. KORMANYZО. VEZERTITKAR.
A BANKJEGYEK UTANZASA A TORVENY SZERINT BUNTETHETIK.
EZER KORONA
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Comments

The Oesterreichisch-ungarische Bank was already a dead institution walking when this note was issued. The Austro-Hungarian Empire had dissolved in November 1918, and the successor states were rapidly stamping or overprinting circulating banknotes to claim them as their own currency — Czechoslovakia, Yugoslavia, Romania, and Austria itself all ran stamp programs in early 1919. Notes of this type that escaped stamping remained valid in the rump Austrian republic temporarily, but the bank's authority to issue new currency had effectively ceased with the armistice.

By the time Austria introduced the Schilling system and completed its post-hyperinflationary stabilization in 1925, 1000 Kronen had become nearly worthless. The denomination that once represented serious purchasing power ended as small change in the conversion.

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