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20 Kronen

Issuer Oesterreichisch-ungarische Bank
Year 1914
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Value 2 Crowns (2 Kronen)
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Obverse description At center, a female portrait vignette flanked by the small coat of arms of the Austro-Hungarian monarchy to the left and the middle coat of arms of Hungary to the right. Bilingual inscriptions in German and Hungarian appear across the face, with the denomination rendered in eight additional languages of the monarchy.
Obverse lettering ZWEI KRONEN OESTERREICHISCH UNGARISCHE BANK / OSZTRAK MAGYAR BANK
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Comments

The Oesterreichisch-ungarische Bank's 1914 series was issued just as the Austro-Hungarian war economy began cannibalizing its own monetary system. Within months of issue, silver and gold coins had vanished from circulation entirely, hoarded or requisitioned, leaving the population dependent on paper at every denomination level. Notes like this one absorbed enormous circulation pressure they were never designed to sustain.

Pfeiffer and Rössler were the Bank's in-house design team responsible for the entire prewar series — the printing was handled domestically by the Staatsdruckerei in Vienna, which gave Austria-Hungary unusual self-sufficiency compared to smaller states relying on foreign security printers.

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