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Austrian Bond - 1923 dated 200,000 Austrian Kronen - Foreign Bonds For Sale
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Austrian Bond - 1923 dated 200,000 Austrian Kronen - Foreign Bonds:
$34.50
200,000 Kronen 5% Bond with all but 2 coupons attached. The Krone (pl. Kronen) was the currency of Austria (then known as German-Austria) and Liechtenstein after the dissolution of the Austro-Hungarian Empire (1919) until the introduction of the Austrian schilling (1925), and, in Liechtenstein, the Swiss franc. According to the provisions of the Treaty of St. Germain the newly created Republic of Austria had to overstamp the old paper money of the former Austro-Hungarian Empire still circulating in its territory, then had to replace the overstamped banknotes with new ones, and finally had to introduce an entirely new currency. To fulfil the first step, circulating banknotes were overstamped with the inscription DEUTSCHSTERREICH ("German-Austria"), and new banknotes were also issued with this feature. Later, still under the name Oesterreichisch-ungarische Bank, banknotes were printed using the German-language clichs on both sides " and still bearing the DEUTSCHSTERREICH inscription. From 1920 on a new stamp appeared on banknotes: "Ausgegeben nach dem 4. Oktober 1920". In 1922 a new series of Krone banknotes was introduced with a completely new design to fulfill the second step. The series contained 1 Krone, 2, 10, 20, 100, 1000, 5000, 50000, 100000 and 500000 Kronen, later 10000 Kronen (1000000 Kronen was planned but not issued). In 1923 the League of Nations Financial Committee, with support from the Bank of England under Montagu Norman, provided a loan to allow Austria to stabilize the krone against the U.S. dollar in excha Item ordered may not be exact piece shown. All original and authentic.
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