1919 (1902) Austria-Hungary 1000 Kronen Note - 1919 Austria Overprint - Rarer Reverse - 1902 Austrian One Thousand Krone Stamped Note - P#60

This listing is for the photographed 1919 (1902) Austria-Hungary 1000 Kronen Overprint Banknote. Originally printed during in 1902 in the Austro-Hungarian Empire, the note was used after World War I in 1919 by the Austrian Government, as identified by the red "Deutschosterreich" stamp printed at the center of the obverse. This note shows a portrait of a women with a floral crown on the right end with a highly ornamented floral border. The reverse of this note is a rarer variety for this series, showing inverted portraits of the same woman on the obverse with an ombre color, highly ornamented design. Choice Very Fine (VF+) grade/condition, minimal visible folds and other signs of circulation. Excellent piece of history, great addition to any collection! Large sized note. P#60 (Pick Number 60).

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.

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1919 (1902) Austria-Hungary 1000 Kronen Note - 1919 Austria Overprint - Rarer Reverse - 1902 Austrian One Thousand Krone Stamped Note - P#60