Currencies/Austrian schilling: Difference between revisions
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Hamzasaddiq (talk | contribs) m The Austrian schilling was Austria’s national currency from 1925–1938 and 1945–2002, divided into 100 groschen. It was replaced by the euro in 2002 at a fixed rate of €1 = 13.7603 schilling. |
Hamzasaddiq (talk | contribs) m The Austrian schilling was Austria’s national currency from 1925–1938 and 1945–2002, divided into 100 groschen. It was replaced by the euro in 2002 at a fixed rate of €1 = 13.7603 schilling. |
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The Austrian schilling (German: Österreichischer Schilling, ISO code: ATS) was the official currency of Austria from 1925 to 1938 and again from 1945 until 2002. It was subdivided into 100 groschen. The schilling replaced the hyperinflated Austrian krone in 1925, was abolished during the Nazi annexation of Austria in 1938, reintroduced in 1945, and finally replaced by the euro in 2002. | The Austrian schilling (German: Österreichischer Schilling, ISO code: ATS) was the official currency of Austria from 1925 to 1938 and again from 1945 until 2002. It was subdivided into 100 groschen. The schilling replaced the hyperinflated Austrian krone in 1925, was abolished during the Nazi annexation of Austria in 1938, reintroduced in 1945, and finally replaced by the euro in 2002. | ||
[https://colnect.com/en/coins/coin/1799-50_Schilling_150th_Anniversary_-_liberation_of_Tyrol-1945%7E2001_-_2nd_Republic_Schilling_Commenorative_50_%C3%B6S-Austria<picture>950718</ | [https://colnect.com/en/coins/coin/1799-50_Schilling_150th_Anniversary_-_liberation_of_Tyrol-1945%7E2001_-_2nd_Republic_Schilling_Commenorative_50_%C3%B6S-Austria<picture>950718</picture>] | ||
==History== | ==History== | ||
The schilling was introduced by the Schilling Act of 1924, becoming effective on 1 March 1925 at the rate of 1 schilling = 10,000 kronen. It became known as the Alpendollar due to its stability. In 1938, following the Anschluss, the schilling was replaced by the German Reichsmark at 1.50 schilling = 1 Reichsmark. | The schilling was introduced by the Schilling Act of 1924, becoming effective on 1 March 1925 at the rate of 1 schilling = 10,000 kronen. It became known as the Alpendollar due to its stability. In 1938, following the Anschluss, the schilling was replaced by the German Reichsmark at 1.50 schilling = 1 Reichsmark. | ||
After World War II, the schilling was restored on 30 November 1945 by the Allied occupation authorities. It remained the Austrian national currency until the adoption of the euro: non-cash conversion occurred in 1999, and coins and notes were withdrawn on 28 February 2002. | After World War II, the schilling was restored on 30 November 1945 by the Allied occupation authorities. It remained the Austrian national currency until the adoption of the euro: non-cash conversion occurred in 1999, and coins and notes were withdrawn on 28 February 2002. | ||
==Coinage== | ==Coinage== | ||
According to numismatic classification, Austrian schilling coins were issued in multiple series | According to numismatic classification, Austrian schilling coins were issued in multiple series | ||
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The Austrian National Bank (Oesterreichische Nationalbank) oversaw the issues. | The Austrian National Bank (Oesterreichische Nationalbank) oversaw the issues. | ||
==Currency== | ==Currency== | ||
Revision as of 20:34, 29 September 2025
Introduction
The Austrian schilling (German: Österreichischer Schilling, ISO code: ATS) was the official currency of Austria from 1925 to 1938 and again from 1945 until 2002. It was subdivided into 100 groschen. The schilling replaced the hyperinflated Austrian krone in 1925, was abolished during the Nazi annexation of Austria in 1938, reintroduced in 1945, and finally replaced by the euro in 2002.
History
The schilling was introduced by the Schilling Act of 1924, becoming effective on 1 March 1925 at the rate of 1 schilling = 10,000 kronen. It became known as the Alpendollar due to its stability. In 1938, following the Anschluss, the schilling was replaced by the German Reichsmark at 1.50 schilling = 1 Reichsmark. After World War II, the schilling was restored on 30 November 1945 by the Allied occupation authorities. It remained the Austrian national currency until the adoption of the euro: non-cash conversion occurred in 1999, and coins and notes were withdrawn on 28 February 2002.
Coinage
According to numismatic classification, Austrian schilling coins were issued in multiple series
1918–1938 First Republic – circulation, commemorative, probes
1945–2001 Second Republic – circulation, commemoratives (20 öS, 25 öS, 50 öS, 100 öS, 200 öS, 500 öS, 1000 öS, 2000 öS), probes
1959–2001 Proof sets
1992–2001 Mint sets
2008–Today Vienna Philharmonic (euro bullion continuation)
Distributions
Standard circulation
Circulating commemoratives
Commemorative issues
Bullion coinage
Pattern coinage
Numismatic products
Mint sets
Compositions
Schilling coins were struck in a wide variety of metals and alloys:
Aluminium
Aluminium-bronze
Aluminium-nickel-bronze
Bimetallic (including silver-gold issues)
Brass
Bronze
Copper
Copper-aluminium-nickel (Cu-Al-Ni)
Copper-nickel
Gold
Nickel
Silver
Zinc
Various (for sets only)
Shapes
Circular
Heptagonal (7-sided)
Octagonal (8-sided)
Various (sets only)
Examples
Circulation coins included 1, 2, 5, 10, 50 groschen, and 1, 2, 5, 10, 20 schilling.
Higher-value coins included 25, 50, 100 schilling commemoratives in silver, and gold issues such as the 1000 schilling.
The Vienna Philharmonic bullion coin, introduced in 1989 in schilling denomination, continued after 2002 in euro denominations.
Banknotes
First Republic (1925–1938) 1, 5, 10, 20, 100, 1000 schilling notes.
Second Republic (from 1945) denominations included 5, 10, 20, 50, 100, 500, 1000, and later 5000 schilling. The Austrian National Bank (Oesterreichische Nationalbank) oversaw the issues.
Currency
The schilling was a decimal system currency:
100 groschen = 1 schilling
On adoption of the euro in 1999 (non-cash) and 2002 (cash), the fixed rate was set at
1 euro = 13.7603 schilling
Replacement
The schilling was withdrawn from circulation on 28 February 2002. It remains redeemable at the Oesterreichische Nationalbank indefinitely at the fixed euro conversion rate.