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20 Kronen

Issuer Oesterreichisch-ungarische Bank
Year 1920
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Currency Krone (1919-1925)
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Obverse description Overprint reading 'Ausgegeben nach dem 4. Oktober 1920' applied in red on the Hungarian-language face of Austria P-13, the Osztrák-Magyar Bank 20 Korona issue dated 2 January 1913. The underlying note carries a portrait vignette of a young woman at right within an ornate frame, the denomination '20' in large numerals at center, and a guilloche-enriched field with the bank title 'OSZTRAK MAGYAR BANK' at lower left alongside two facsimile signatures.
Obverse lettering Ausgegeben nach dem 4. Oktober 1920
(Translation: issued after October 4th, 1920)
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Comments

Pick 44 is something of a postscript note — it carries the design and imprint of the Austro-Hungarian Bank, an institution that had already ceased to exist by the time most of these circulated. The Austro-Hungarian Bank was formally liquidated following the dissolution of the empire in 1918, and the successor states each proceeded to stamp or overstamp the outstanding banknote stock as a mechanism for asserting monetary control and screening capital flight.

Unstamped examples like this one were still technically valid in Austria during the chaotic transitional period before the new Austrian National Bank was properly constituted. The 1920 date reflects continued printing from existing plates, not a functioning imperial system.

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