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| 正面描述 | The Hungarian-language face of this revalidated note retains the original 1913 Austro-Hungarian 20 Korona design, dated 'Bécs, 1913. január 2-án', with the Hungarian coat of arms vignette at upper left and a female portrait vignette at right within an ornate frame. A large central guilloche rosette bears the denomination numeral '20', with 'HUSZ KORONA' in bold letterpress. The revalidation overprint 'II. KIADÁS' (Second Issue) was applied to denote circulation authority following the Austrian monetary separation of October 4, 1920. |
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| 背面描述 | The German-language face retains the original Austro-Hungarian design with the Austrian coat of arms vignette at upper left and a matching female portrait vignette at right, framed by intricate guilloche ornaments that surround the central denomination numeral. The letterpress revalidation overprint 'Ausgegeben nach dem 4. Oktober 1920' is applied across the face, establishing the note's legal validity under the new Austrian currency regime following the separation from Hungary. |
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Pick 45 is one of the more administratively awkward notes in Austrian numismatics. The Oesterreichisch-ungarische Bank had already been dissolved by the time many of these notes entered circulation — the institution formally ceased operations in 1919 following the collapse of the Austro-Hungarian Empire, yet existing stock continued to be issued and overstamped by successor states well into 1920 and beyond. Collectors frequently encounter examples bearing perforations, rubber stamps, or adhesive overprints applied by Czechoslovakia, Yugoslavia, Hungary, or Austria itself as each new government sought to segregate "its" share of the old imperial currency.
Unoverprinted examples are the ones worth examining closely — they represent notes that somehow bypassed the validation process entirely.