Austrian crown
Austrian crown 1892 to 1925 |
|
---|---|
Country: | Austria-Hungary , German Austria , First Republic , Liechtenstein (until 1924) |
Subdivision: | 100 lighter |
Abbreviation: | K, kr |
Exchange rate : (1912) |
1.176 crowns = 1 mark |
The krona , unofficially abroad since its introduction, from 1919 on in Austria officially called " Austrian krona ", was the gold currency of Austria-Hungary until 1918 and the currency of the Republic of Austria from 1918 to 1925. It replaced the in the course of the currency conversion of 1892 Guilder , which was a standard silver currency . In colloquial language , the gold coins of 10, 20 and 100 kroner were called “gold crowns” .
In the Austrian half corresponded 100 Heller a crown (derived from the Greek "κορώνα" or Latin "corona" for "Crown"). In the Hungarian half of the empire the name was " Korona "; one corona corresponded to 100 fillers .
history
Currency conversion in 1892
In 1892 the guilder was replaced by the 100 Heller Krone. Until January 1, 1900, the gulden (fl.) Was valid currency alongside the kroon (K), the exchange rate was two kroner for one gulden (→ gold crown ). The changeover was not associated with changes in monetary policy, as is typical for currency reforms, and was therefore not a reform, just a renaming.
On the banknotes of the Austro-Hungarian bank (the central bank of the dual monarchy; it was written with a lowercase "u"), the name of the currency on the Austrian side was also given in other languages of the monarchy , since the nationalities were equal according to the December constitution of 1867 ( "Koruna", "korona", "corona", "krona", "kruna", "coroană"), on the Hungarian side, according to the Magyar nationality policy, only in Hungarian.
While the banknotes were issued by the common central bank, the coinage between the Hungarian and the Austrian part of the empire was carried out separately. Therefore, the coins only showed symbols of the respective “half of the empire”. However, they circulated throughout Austria-Hungary - just as the coins minted in the euro countries are in circulation throughout the euro zone today.
The exchange rate against the mark of the German Empire , set as part of the gold standard , was 1.176 kroner in 1912.
On the basis of the statutes of the Austrian-Hungarian Bank, the aforementioned bank was obliged to exchange banknotes for metal money (but not necessarily gold!) At its main offices in Vienna and Budapest within 24 hours, otherwise it would have lost its banknote privilege. At branch offices, this obligation existed in the context of inventories. Conversely, the bank was also obliged to convert an unlimited amount of gold into paper money at the coin rate - which was probably the lesser problem in practice. The circulation of the coins was also limited by law.
First World War
Even before the war, the central bank (according to Ludwig von Mises ) was not legally obliged to exchange banknotes for gold, but did so voluntarily to ensure the stability of the crown.
As early as August 4, 1914, an Imperial Ordinance (RGBl. 198/1914) was issued, according to which the Oesterreichisch-Hungarian Bank was authorized to enforce provisions that differ from the banking statutes. As a result, in addition to a lower metal cover for banknotes in circulation, this led to a suspension of the redemption obligation in gold.
A wave of accelerated inflation began with World War I, as it was largely financed through bonds. The expansion of the money supply was not matched by a corresponding amount of goods; the shortage in almost all areas quickly led to price increases. The price level at the end of the war was fifteen times what it was in 1914.
Disintegration of the monarchy, successor states
At the beginning of 1919, the Kingdom of Serbs, Croats and Slovenes (called Yugoslavia from 1929) , the Czechoslovak Republic , the republican state of German Austria and then also republican Hungary , which (for the time being) retained the krona currency, separated from the previous one by stamping their banknotes Common currency. Austria covered the enormous costs of the war not with taxes (e.g. tax increases and / or new taxes), but “with the banknote press”: it printed (like the German Empire; more here ) additional money (which caused inflation ). The common currency area of the Habsburg Empire quickly dissolved (especially since German Austria hardly took or could hardly consider the economic and political needs of other successor states).
In January 1919, the new South Slav state began to stamp its own kroner banknotes. The Czechoslovakia in February 1919. In order followed the influx of crown banknotes unknown origin, for example from Hungary to prevent, also had German Austria in March 1919, the stamping of its banknotes in circulation begin. Due to the different inflation rates in the following years, these kroner currencies had very different values. Czechoslovakia kept its Koruna , Austria had to give it up in 1925.
Austria until 1925
Continuing enormous budget deficits in German Austria (among other things to subsidize food) and currency speculation drove the inflation further, which could not be stopped with own means. The value of the paper crown compared to the gold crown fell to 14,400 by August 1922: 1. In 1922, Federal Chancellor Ignaz Seipel needed foreign help and an internationally monitored strict austerity program so that the state finances could be brought back into balance. When this succeeded, the Federal Government of Seipel I prepared the introduction of the shilling currency in 1924 . This currency reform was decided by the National Council on December 20, 1924, one month after Seipel's resignation , and implemented on March 1, 1925. (During the transition period of several months that followed, Austrian crowns were still accepted). The value of one shilling was equivalent to 10,000 "paper crowns".
Austrian coins 1892 to 1918
Overview, circulation coins of the Austrian half of the empire in Heller and Kronen from 1892 to 1918 | |||||||||
---|---|---|---|---|---|---|---|---|---|
image | value | throughput knife |
Gross weight fineness |
description | Issue years | ||||
Value side | Image side | edge | Value side | Image side | |||||
1 lighter | 17 mm | 1.66 g 95% Cu , 4% Sn , 1% Zn |
smooth | Value, year of issue | Eagle with coat of arms | 1892-1903, 1909-1916 | |||
1 lighter | Eagle with a shield | 1916 | |||||||
2 lighter | 19 mm | 3.33 g 95% Cu , 4% Sn , 1% Zn |
smooth | Value, year of issue | Eagle with coat of arms | 1892-1915 | |||
2 lighter | 17.3 mm | 2.78 g 100% Fe |
Eagle with a shield (the dark iron coin was nicknamed negro ) | 1916-1918 | |||||
10 lighter | 19 mm | 3 g 100% Ni |
corrugated | Value, year of issue | Eagle with coat of arms | 1892-1895, 1907-1911 | |||
10 lighter | 3 g 50% Cu, 40% Zn, 10% Ni |
1915-1916 | |||||||
10 lighter | Eagle with a shield | 1916 | |||||||
20 lighter | 21 mm | 4 g 100% Ni |
corrugated | Value, year of issue | Eagle with coat of arms | 1892-1895, 1907-1909, 1911, 1914 | |||
20 lighter | 3.33 g 100% Fe |
smooth | Eagle with a shield | 1915-1918 | |||||
1 crown | 23 mm | 5 g 835 ‰ Ag 165 ‰ Cu |
" VIRIBVS VNITIS " | Austrian imperial crown , value, year of issue | "FRANC • IOS • I • D • G • IMP • AVSTR • REX BOH • GAL • ILL • ETC • ET AP • REX HVNG •", Franz Joseph I. with laurel wreath | 1892-1907 | |||
1 crown | "DVODECIM LVSTRIS GLORIOSE PERACTIS", 1848–1908, Austrian Imperial Crown, value (60th anniversary in government) | "FRANC • IOS • I • D • G • IMP • AVSTR • REX BOH • GAL • ILL • ETC • ET AP • REX HVNG •", Franz Joseph I. without laurel wreath, under portrait without " ST • SCHWARTZ " ( Marshal ) | 1908 | ||||||
1 crown | Austrian imperial crown , value, year of issue | "FRANC • IOS • I • D • G • IMP • AVSTR • REX BOH • GAL • ILL • ETC • ET AP • REX HVNG •", Franz Joseph I. without laurel wreath, under portrait with "ST • SCHWARTZ" | 1912-1916 | ||||||
2 crowns | 27 mm | 10 g 835 ‰ Ag, 165 ‰ Cu |
"VIRIBVS VNITIS" | "II CORONÆ", eagle with coat of arms , value, year of issue | "FRANC • IOS • I • D • G • IMP • AVSTR • REX BOH • GAL • ILL • ETC • ET AP • REX HVNG •", Franz Joseph I. without laurel wreath, under portrait with "ST • SCHWARTZ" | 1912-1913 | |||
5 crowns | 36 mm | 24 g 900 ‰ Ag, 100 ‰ Cu |
"VIRIBVS VNITIS" | "QUINQVE CORONÆ", eagle with coat of arms, value, year of issue | "FRANC • IOS • I • D • G • IMP • AVSTR • REX BOH • GAL • ILL • ETC • ET AP • REX HVNG •", Franz Joseph I. with laurel wreath | 1900, 1907 | |||
5 crowns | "DVODECIM LVSTRIS GLORIOSE PERACTIS", 1848–1908, Fortuna with laurel branches, eagle with coat of arms, Austrian imperial crown, value (60th anniversary of government) | "FRANC • IOS • I • D • G • IMP • AVSTR • REX BOH • GAL • ILL • ETC • ET AP • REX HVNG •", Franz Joseph I. without laurel wreath, under portrait without "ST • SCHWARTZ" (Marshal) | 1908 | ||||||
5 crowns | "QUINQVE CORONÆ", eagle with coat of arms, value, year of issue 1909 | 1909 | |||||||
5 crowns | "FRANC • IOS • I • D • G • IMP • AVSTR • REX BOH • GAL • ILL • ETC • ET AP • REX HVNG •", Franz Joseph I. without laurel wreath, under portrait with "ST • SCHWARTZ" | ||||||||
10 crowns | 19 mm | 3.387 g 900 ‰ Au , 100 ‰ Cu |
Ornaments | "X CORONÆ", eagle with coat of arms, value, year of issue | "FRANC • IOS • I • D • G • IMP • AVSTR • REX BOH • GAL • ILL • ETC • ET AP • REX HVNG •", Franz Joseph I. with laurel wreath | 1892-1893, 1896-1897, 1905-1906 | |||
10 crowns | "DVODECIM LVSTRIS GLORIOSE PERACTIS", 1848–1908, eagle with coat of arms, value (60th anniversary of government) | "FRANC • IOS • I • D • G • IMP • AVSTR • REX BOH • GAL • ILL • ETC • ET AP • REX HVNG •", Franz Joseph I. without laurel wreath, under portrait without "ST • SCHWARTZ" (Marshal) | 1908 | ||||||
10 crowns | "X CORONÆ", eagle with coat of arms, value, year of issue | 1909 | |||||||
10 crowns | "FRANC • IOS • I • D • G • IMP • AVSTR • REX BOH • GAL • ILL • ETC • ET AP • REX HVNG •", Franz Joseph I. without laurel wreath, under portrait with "ST • SCHWARTZ" | 1909-1911 | |||||||
10 crowns | 1912 (new issue) |
||||||||
20 crowns | 21 mm | 6.775 g 900 ‰ Au , 100 ‰ Cu |
"VIRIBVS VNITIS" | "XX CORONÆ", eagle with coat of arms, value, year of issue | "FRANC • IOS • I • D • G • IMP • AVSTR • REX BOH • GAL • ILL • ETC • ET AP • REX HVNG •", Franz Joseph I. with laurel wreath | 1892-1905 | |||
20 crowns | "DVODECIM LVSTRIS GLORIOSE PERACTIS", 1848–1908, eagle with coat of arms, value (60th anniversary of government) | "FRANC • IOS • I • D • G • IMP • AVSTR • REX BOH • GAL • ILL • ETC • ET AP • REX HVNG •", Franz Joseph I. without laurel wreath, under portrait without "ST • SCHWARTZ" (Marshal) | 1908 | ||||||
20 crowns | "XX CORONÆ", eagle with coat of arms, value, year of issue | 1909 | |||||||
20 crowns | "FRANC • IOS • I • D • G • IMP • AVSTR • REX BOH • GAL • ILL • ETC • ET AP • REX HVNG •", Franz Joseph I. without laurel wreath, under portrait with "ST • SCHWARTZ" | 1909-1914, 1916 | |||||||
20 crowns | 1915 (new issue) |
||||||||
20 crowns | "XX CORONÆ", eagle with shield , value, year of issue | 1916 | |||||||
20 crowns | "PACE BELLOQVE OMNIA PRO PATRIA CVM POPVLO MEO" | "CAROLVS D • G • IMP • AVSTR • REX BOH • GAL • ILL • ETC • ET AP • REX HVNG •", Karl I. | 1918 | ||||||
100 crowns | 37 mm | 33.875 g 900 ‰ Au , 100 ‰ Cu |
"VIRIBVS VNITIS" | "DVODECIM LVSTRIS GLORIOSE PERACTIS", 1848–1908, Fortuna with laurel wreath and shield (eagle with coat of arms) on cloud, value (60th anniversary of government) | "FRANC • IOS • I • D • G • IMP • AVSTR • REX BOH • GAL • ILL • ETC • ET AP • REX HVNG •", Franz Joseph I. without laurel wreath, under portrait without "ST • SCHWARTZ" (Marshal) | 1908 | |||
100 crowns | "C CORONÆ", eagle with coat of arms, value, year of issue | "FRANC • IOS • I • D • G • IMP • AVSTR • REX BOH • GAL • ILL • ETC • ET AP • REX HVNG •", Franz Joseph I. without laurel wreath, under portrait with "ST • SCHWARTZ" | 1909-1914 | ||||||
100 crowns | 1915 (new issue) |
||||||||
These images are at a size of 2.5 pixels per millimeter. | |||||||||
|
Overview, circulation coins of the Hungarian half of the Empire in Heller and Kronen from 1892 to 1918 | |||||||||
---|---|---|---|---|---|---|---|---|---|
image | value | throughput knife |
Gross weight fineness |
description | Issue years | ||||
Value side | Image side | edge | Value side | Image side | |||||
1 filler | 17 mm | 1.67 g 95% Cu , 4% Sn , 1% Zn |
smooth | Value, mint mark " K • B " | "MAGYAR KIRÁLYI VÁLTÓPÉNZ", St. Stephen's Crown , year of coinage | 1892-1903, 1906, 1914 | |||
2 fillers | 19 mm | 3.33 g 95% Cu, 4% Sn, 1% Zn |
smooth | Value, mint mark "K • B" | "MAGYAR KIRÁLYI VÁLTÓPÉNZ", St. Stephen's Crown, year of coinage | 1892-1910, 1914-1915 | |||
2 fillers | 17.3 mm | 2.78 g 100% Fe |
1916-1918 | ||||||
10 fillers | 19 mm | 3 g 100% Ni |
corrugated | Value, mint mark "K • B" ( new issues with dot under K • B ) | "MAGYAR KIRÁLYI VÁLTÓPÉNZ", St. Stephen's Crown, year of coinage | 1892-1895, 1906, 1908-1909, 1914 | |||
10 fillers | 3 g 50% Cu, 40% Zn, 10% Ni |
1914-1916 | |||||||
10 fillers | 3 g 100% Fe |
1915-1916, 1918, 1920 | |||||||
20 fillers | 21 mm | 4 g 100% Ni |
corrugated | Value, mint mark "K • B" ( new issues with dot under K • B ) | "MAGYAR KIRÁLYI VÁLTÓPÉNZ", St. Stephen's Crown, year of coinage | 1892-1894, 1906-1908, 1914 | |||
20 fillers | 3.33 g 100% Fe |
smooth | 1915-1918, 1920-1922 | ||||||
1 corona | 23 mm | 5 g 835 ‰ Ag , 165 ‰ Cu |
“BIZALMAM AZ ŐSI ERÉNYBEN”, ornaments | Stephanskrone, value, year of issue | "FERENCZ JÓZSEF I • K • A • CS • ÉS M • H • S • D • O • AP • KIR •", Franz Joseph I., mint mark "K • B •" | 1892-1896, 1906 | |||
1 corona | "AZ EZERÉVES MAGYARORSZÁG EMLÉKÉRE", Franz Joseph I, value, mint mark "K • B •", year 1896 | Árpád on horseback (for the thousandth anniversary) | 1896 | ||||||
1 corona | Stephanskrone, value, year of issue | "FERENCZ JÓZSEF I • K • A • CS • ÉS M • H • S • D • O • AP • KIR •", Franz Joseph I. (older), mint mark "K • B" | 1912-1916 | ||||||
2 corona | 27 mm | 10 g 835 ‰ Ag, 165 ‰ Cu |
“BIZALMAM AZ ŐSI ERÉNYBEN”, ornaments | Stephen's crown with 2 angels, value, year of issue | "FERENCZ JÓZSEF I • K • A • CS • ÉS M • H • S • D • O • AP • KIR •", Franz Joseph I., mint mark "K • B" | 1912-1914 | |||
5 corona | 36 mm | 24 g 900 ‰ Ag, 100 ‰ Cu |
“BIZALMAM AZ ŐSI ERÉNYBEN”, ornaments | Stephen's crown with 2 angels, value, year of issue | "FERENCZ JÓZSEF I • K • A • CS • ÉS M • H • S • D • O • AP • KIR •", Franz Joseph I., mint mark "K • B •" ( new issue with year 1900: with a dot before FERENCZ ) | 1900, 1906-1909 | |||
5 corona | "MEGKORONÁZTATÁSÁNAK NEGYVENEDIK ÉVFORDULÓJÁRA", 1867–1907, coronation scene, value, mint mark "K • B" (for the 40th anniversary of the coronation) | "FERENCZ JÓZSEF I • K • A • CS • ÉS M • H • S • D • O • AP • KIR •", Franz Joseph I., year of issue 1907 (new issue if after the year 1907 lowercase "U • P" stands) | 1907 | ||||||
10 corona | 19 mm | 3.387 g 900 ‰ Au , 100 ‰ Cu |
Ornaments | "MAGYAR KIRÁLYSÁG", 2 angels with coat of arms , value, mint mark "K • B" | "FERENCZ JÓZSEF I • K • A • CS • ÉS M • H • S • D • O • AP • KIR •", standing Franz Joseph I, year of issue | 1892-1915 | |||
20 corona | 21 mm | 6.775 g 900 ‰ Au , 100 ‰ Cu |
“BIZALMAM AZ ŐSI ERÉNYBEN”, ornaments | "MAGYAR KIRÁLYSÁG", 2 angels with coat of arms, value, mint mark "K • B" | "FERENCZ JÓZSEF I • K • A • CS • ÉS M • H • S • D • O • AP • KIR •", standing Franz Joseph I, year of issue | 1892-1915 | |||
20 corona | "MAGYAR KIRÁLYSÁG", 2 angels with Bosnia coat of arms , value, mint mark "K • B" | 1913-1914, 1916 | |||||||
20 corona | "HARCBAN ÉS BÉKÉBEN A NEMZETTEL A HAZÁÉRT" | "KÁROLY I • K • A • CS • ÉS M • H • SZ • D • AP • KIR •", standing Karl I , year of issue 1918 | 1918 | ||||||
100 corona | 37 mm | 33.875 g 900 ‰ Au , 100 ‰ Cu |
“BIZALMAM AZ ŐSI ERÉNYBEN”, ornaments | "MEGKORONÁZTATÁSÁNAK NEGYVENEDIK ÉVFORDULÓJÁRA", 1867–1907, coronation scene, value, mint mark "K • B" (for the 40th anniversary of the coronation) | "FERENCZ JÓZSEF I • K • A • CS • ÉS M • H • S • D • O • AP • KIR •", Franz Joseph I, year of issue 1907 (new issue recognizable by the rather reddish color and the non-matt raised Coin parts) | 1907 | |||
100 corona | "MAGYAR KIRÁLYSÁG", 2 angels with coat of arms , value, mint mark "K • B" | "FERENCZ JÓZSEF I • K • A • CS • ÉS M • H • S • D • O • AP • KIR •", standing Franz Joseph I, year of issue (new issue with year 1908 recognizable by the rather reddish color and the not matted raised coin parts) | 1907-1908 | ||||||
These images are at a size of 2.5 pixels per millimeter. | |||||||||
|
Austrian coins 1918 to 1924
In the short time in which people in the Republic of Austria , from 1918 onwards, paid with kronor, very few coins came out. It was not until 1923 that a 100 kroner copper coin appeared, but the zeros were already written in lower case because the shilling was introduced in 1925 and 100 kroner had the value of " 1 groschen " and the coins were accurate to the zeros looked the same. The situation was similar with the 200-kroner copper coins and the 1000-kroner copper- nickel coins. Only the 20 and 100 crown gold coins had an appearance that was unique before and after.
Overview, crowns of the Republic of Austria 1918 to 1924 | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
image | value | throughput knife |
Gross weight fineness |
description | Issue years | Successor shilling coin | ||||
Value side | Image side | edge | Value side | Image side | Value side | Image side | ||||
100 crowns | 17 mm | 1.666 g 95% Cu , 4% Sn , 1% Zn |
smooth | Value, year of issue | "AUSTRIA", eagle head | 1923-1924 | ||||
200 crowns | 19 mm | 3.333 g 95% Cu, 4% Sn, 1% Zn |
smooth | Value, year of issue 1924 | "AUSTRIA", Kruckenkreuz | 1924 | ||||
1000 crowns | 22 mm | 4.5 g of 75% Cu, 25% Ni |
smooth | Value, year of issue 1924 | "REPUBLIC OF AUSTRIA", head, under portrait small " H • ZITA " | 1924 | ||||
20 crowns | 21 mm | 6.77 g 900 ‰ Au , 100 ‰ Cu |
corrugated | "2952 CROWNS = 1 KILOGRAM COIN GOLD (900/1000 FINE)", value | "REPUBLIC OF AUSTRIA", year of issue | 1923-1924 | no successor coin | |||
100 crowns | 37 mm | 33.88 g 900 ‰ Au , 100 ‰ Cu |
corrugated | "2952 CROWNS = 1 KILOGRAM COIN GOLD (900/1000 FINE)", value | "REPUBLIC OF AUSTRIA", year of issue | 1923-1924 | no successor coin | |||
These images are at a size of 2.5 pixels per millimeter. |
See also
Web links
- Austrian National Bank: Money Museum and History - Austrian Monetary History - Modernity - Gulden and Kronen ( Memento from November 27, 2010 in the Internet Archive )
- Austrian National Bank: Money Museum History of Money
- Austrian monetary history. From the Middle Ages to the euro
- List and illustration of all kroner banknotes from 1900
- Inflation cockpit - currency converter (Adobe Flash) (inflation-adjusted conversion of Austrian currencies since 1820 into today's euro)
- The money marie - silver coins crowns Austria - prices
- The money marie - gold coins crowns Austria and Hungary - prices
Individual evidence
- ^ Günther Meier: Nobody wanted Liechtenstein's emergency money In: Neue Zürcher Zeitung of January 3, 2018
- ^ A b Carl Otto: Der Haussekretär , Berlin 1913, p. 485, 3rd cover page
- ↑ RGBl. 66/1878, Art. 23
- ↑ Ludwig von Mises : Theory of money and the means of circulation. Munich and Leipzig (Duncker & Humblot) 1912, p. 42 f.
- ↑ a b aeiou: Paper money inflation
- ↑ Clemens Muth: The end of the crown zone: The dissolution of the common currency area on the territory of the former Habsburg Empire. Munich 1997 , on the website of the University of Cologne.
- ^ Maria Hornung, Sigmar Grüner: Dictionary of Viennese Dialect , 2nd edition, Vienna 2002, ISBN 3-209-03474-5 , p. 606. Alexander Popovics: Das Geldwesen im Kriege. Vienna 1925, p. 97
- ↑ 10 Kronen 1912 gold, new issue. Austrian Mint, accessed on March 20, 2018 .
- ↑ 20 crowns 1915 gold, new issue. Austrian Mint, accessed on March 20, 2018 .
- ↑ 100 crowns 1909 gold. UCoin, accessed March 6, 2020 .
- ↑ 100 Kronen 1915 gold, new issue. Austrian Mint, accessed on March 20, 2018 .
- ↑ 10 Filler 1918 new issue
- ↑ 20 Filler 1918 new issue
- ↑ 5 Korona 1900 new issue
- ↑ 5 Korona 1907 new issue
- ↑ a b Die Geldmarie - gold coins crowns Austria and Hungary, information about new issues of the 100 corona coins
- ↑ 100 Korona 1908 gold, new issue
- ↑ Overview of the coins in circulation from 1925 to 1938 ( Memento of February 3, 2011 in the Internet Archive ), Austrian Mint
- ↑ 20 crowns 1924 gold. World Coin Price Guide, accessed May 30, 2019 .
- ↑ 100 crowns 1924 gold. Coin value, accessed May 30, 2019 .