1915 (1919) Austria-Hungary 10 Kronen Note - WWI Austria-Hungary Note with 1919 Austria Stamp - 1919 Austrian Ten Krone Banknote - P#51

This listing is for the photographed 1915 (1919) Austria-Hungary 10 Krone Banknote with a Post-WWI Austria Issue Stamp. The original note was issued in the Austro-Hungarian Empire on January 2nd, 1915, during World War 1, making it an excellent piece of WW1 Austria-Hungary history. A red stamp that says "Deutschosterreich" is overprinted on the left end of the obverse side of this note, which identifies that this note was used by the Austrian government in 1919, after the Austro-Hungarian Empire split after WWI. Obverse of this note depicts a portrait of a young boy at the bottom center, and the country's coat of arms in the upper left corner. Reverse shows another portrait of a young man in the upper right, as well as the coat of arms in the upper left. Choice Very Fine (VF+) grade/condition, some minor folds and signs of circulation from age. Excellent piece of history, great addition to any collection! P#51 (Pick Number 51).

Austria-Hungary faced severe economic challenges during World War I, which deeply impacted its monetary system, particularly the issuance of banknotes. Before the war, the Austro-Hungarian Bank, a central bank serving both Austria and Hungary, issued the empire’s currency—the Austro-Hungarian krone. Due to an increase in the need for military expenditures, the empire began printing more money to finance the military, leading to hyperinflation. As coinage became limited due to the scarcity of metals in the empire, provisional notes were printed in smaller denominations by both the central and local authorities. By the end of the war, the Austria-Hungarian krone had lost much of its purchasing power, contributing to social unrest and economic instability.

After the empire dissolved in 1918, Austria, Hungary, and other successor states continued to use Austro-Hungarian banknotes for a brief period. Eventually, each country issued its own currency, replacing the krone.

This well-preserved Austria-Hungarian note is a fantastic piece of history and a must have for any collection!

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1915 (1919) Austria-Hungary 10 Kronen Note - WWI Austria-Hungary Note with 1919 Austria Stamp - 1919 Austrian Ten Krone Banknote - P#51