Austrian schilling

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Österreichischer Schilling  (German)
Austrian 20-Schilling note, circa 1988.jpgAustria-coin-1992-20S-Kärnten-RS.jpg
20 Schilling20 Schilling
ISO 4217 codeATS
Central bankOesterreichische Nationalbank
 Websitewww.oenb.at
User(s)None, previously:
 Austria
Inflation2%
 SourceCIA World Factbook 2001
ERM
 Since19 June 1989
 Fixed rate since31 December 1998
 Replaced by €, non cash1 January 1999
 Replaced by €, cash1 January 2002
=S 13.7603
Subunit
 1/100Groschen
SymbolS or öS
PluralSchilling
GroschenGroschen
Coins
 Freq. used10 & 50 Groschen, 1, 5 & 10 Schilling
 Rarely used1, 2 & 5 Groschen, 20 & 50 Schilling
Banknotes20, 50, 100, 500, 1000 & 5000 Schilling
MintMünze Österreich
 Websiteaustrian-mint.com
This infobox shows the latest status before this currency was rendered obsolete.
 
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Österreichischer Schilling  (German)
Austrian 20-Schilling note, circa 1988.jpgAustria-coin-1992-20S-Kärnten-RS.jpg
20 Schilling20 Schilling
ISO 4217 codeATS
Central bankOesterreichische Nationalbank
 Websitewww.oenb.at
User(s)None, previously:
 Austria
Inflation2%
 SourceCIA World Factbook 2001
ERM
 Since19 June 1989
 Fixed rate since31 December 1998
 Replaced by €, non cash1 January 1999
 Replaced by €, cash1 January 2002
=S 13.7603
Subunit
 1/100Groschen
SymbolS or öS
PluralSchilling
GroschenGroschen
Coins
 Freq. used10 & 50 Groschen, 1, 5 & 10 Schilling
 Rarely used1, 2 & 5 Groschen, 20 & 50 Schilling
Banknotes20, 50, 100, 500, 1000 & 5000 Schilling
MintMünze Österreich
 Websiteaustrian-mint.com
This infobox shows the latest status before this currency was rendered obsolete.

The Schilling was the currency of Austria from 1924 to 1938 and from 1945 to 1999, and the circulating currency until 2002. The euro was introduced at a fixed parity of €1 = 13.7603 schilling to replace it. The schilling was divided into 100 Groschen.

History[edit]

First schilling[edit]

The Schilling was established by the Schilling Act (Schillingrechnungsgesetz) of December 20, 1924 at a rate of 1 Schilling to 10,000 Austro-Hungarian Kronen and issued on March 1, 1925. The Schilling was abolished in the wake of the Anschluss (1938), when it was exchanged at a rate of 2 German Reichsmark to 3 Schilling.

Second schilling[edit]

The Schilling was reintroduced after World War II on November 30, 1945 by the Allied Military, who issued paper money (dated 1944) in denominations of 50 Groschen up to 100 Schilling. The exchange rate to the Reichsmark was 1:1, limited to 150 Schilling per person. The Nationalbank also began issuing Schilling notes in 1945 and the first coins were issued in 1946.

With a second "Schilling" law on November 21, 1947, new banknotes were introduced. The earlier notes could be exchanged for new notes at par for the first 150 Schilling and at a rate of 1 new Schilling for 3 old Schilling thereafter. Coins were not affected by this reform. The currency stabilised in the 1950s, with the Schilling being tied to the U.S. dollar at a rate of $1 = 26 Schilling. Following the breakdown of the Bretton Woods system in 1971, the Schilling was initially tied to a basket of currencies and then, in July 1976, the schilling was coupled to the German mark.

Although the Euro became the official currency of Austria in 1999, euro coins and notes were not introduced until 2002. Old schilling denominated coins and notes were phased out from circulation because of the introduction of the Euro by 28 February of that year. Schilling banknotes and coins which were valid at the time of the introduction of the euro will remain exchangeable for euros at any branch of the Austrian National Bank (Österreichische Nationalbank) indefinitely.

Coins[edit]

First schilling[edit]

In 1925, bronze 1 and 2 Groschen, cupro-nickel 10 groschen, and silver ½ and 1 Schilling coins were introduced, followed by cupro-nickel 5 Groschen issues in 1931. In 1934, cupro-nickel 50 Groschen and 1 Schilling were introduced, together with silver 5 Schilling. Coins were issued until 1938.

Second schilling[edit]

50 Schilling
Value encircled by the Austrian coat-of-arms (at top) and coats of arms of the nine states of AustriaInternational Garden Exhibition
64% silver, 20 g. The first year of reduced silver content in 50 Schilling coin.

Between 1947 and 1952, coins in denominations of 1, 2, 5, 10, 20, and 50 Groschen; and 1, 2, and 5 Schilling were introduced. The 2 and 50 Groschen; 1, 2, and 5 schilling were struck in aluminium, as was the second type of 10 groschen coin. The 1 and 5 groschen and the first type of 10 groschen were in zinc, with the 20 groschen struck in aluminium-bronze. The 1 groschen was only struck in 1947, while the 20 groschen and 2 schilling coins were suspended from production in 1954 and 1952, respectively. In 1957, silver 10 schilling coins were introduced, followed in 1959 by aluminium-bronze 50 groschen and 1 schilling, and in 1960 by silver 5 schilling coins. Thus, the 5 schilling coins went from an aluminium composition to a silver one, a highly unusual event made possible by the substantial improvement of the Austrian economy in the 1950s. Cupro-nickel replaced silver in the 5 and 10 schilling coins in 1969 and 1974, respectively. An aluminium-bronze 20 schilling coin was introduced in 1980.

Silver coins were in the value of 25, 50, 100, 200 and 500 schilling, but gold coins also existed for 500 and 1,000 schilling. They were considered legal currency, but were rarely found in actual transactions.

At the time of the changeover to the euro, the coins in circulation were the following. Coins under 10 groschen were rarely seen in circulation during their final years.

Last Circulating Coins[1][2][3]
ImageValue€ equiv.Technical parametersDescriptionDate of
DiameterMassCompositionEdgeObverseReversefirst mintingfirst issuelast mintingend of legal tender status
1 Groschen1 groschen1 Groschen0.07 cent17 mm1.8 g100% zincSmoothState title, coat of armsValue, year of minting19475 April 1948195031 December 2001
2 Groschen2 Groschen2 Groschen0.15 cent18 mm0.9 g98.5% aluminium
1.5% magnesium
Coat of armsState title, value, year of minting195015 July 1950199131 December 2001
5 Groschen5 Groschen5 Groschen0.36 cent19 mm2.5 g100% zincNotchedState title, coat of armsValue, year of minting194817 June 1948199231 December 2001
10 Groschen10 Groschen0.73 cent20 mm1.1 g98.5% aluminium
1.5% magnesium
SmoothCoat of armsValue, year of minting195127 November 1951199831 December 2001
50 Groschen50 Groschen3.63 cent19.5 mm3 g91.5% copper
8.5% aluminium
SerratedShield, state titleValue, gentian flower, year of minting19591 October 1959199731 December 2001
1 schillingS 17.27 cent22.5 mm4.2 gSmoothState title, value, year of mintingEdelweiss flowers, value19591 September 1959199831 December 2001
5 schillingS 536.34 cent23.5 mm4.8 gCupronickel1
75% copper
25% nickel
SmoothState title, horse riderShield, value, year of minting196815 January 1969199831 December 2001
10 schillingS 1072.67 cent26 mm6.2 gSerratedState title, coat of armsWoman, value, year of minting197417 April 1974199831 December 2001
20 schilling20 schillingS 201.4527.7 mm8 gAluminium bronze
92% copper
6% aluminium
2% nickel
Smoothly with 19 points/Smooth 2State title, the nine Austrian provincesValue, year of minting198010 December 1980199331 December 2001
20 schillingS 20State title, value, shield, year of mintingVarious commemorative subjects198227 March 1982200131 December 2001
50 schilling50 schillingS 503.6326.5 mm
Core: 18.5 mm
8.15 gRing: Aluminium bronze (as S 20)
Center: Magnimat 7
SmoothState title, value encircled by the coats-of-arms of the states of AustriaVarious commemorative subjects199623 October 1996200131 December 2001
These images are to scale at 2.5 pixels per millimetre. For table standards, see the coin specification table.
  1. 10 schilling has pure nickel core
  2. Smoothly with 19 points until 1992. In 1993, all previous 20 schilling coins were reissued with smooth edges.

Banknotes[edit]

First schilling[edit]

1 Schilling of 1925
5 Schillinge of 1925

In 1925, notes were introduced by the Austrian National Bank in denominations of 1, 5, 10, 20, 100 and 1,000 Schillinge (note the different spelling of the plural on this first 1925-series of notes).

In 1927–1929 a second series was added with 5, 10, 20, 50 and 100 schilling notes. The one Schilling was substituted by a coin.

Second schilling[edit]

20 schilling (1968)
1000 schilling (1961)

In 1945, the Allies introduced notes (dated 1944) in denominations of 50 groschen, 1, 2, 5, 10, 20, 25, 50, 100 and 1,000 schilling.[4] The National Bank also introduced notes in 1945, in denominations of 10, 20, 100 and 1,000 schilling and the allied currency with smale values up to 5 schilling remained valid until 1947. With the banknote reform of 1947, new notes were issued in denominations of 5, 10, 20, 50, 100 and 1,000 schilling. Until 1957, the first 500 schilling banknote was issued and the 5 and 10 schilling notes were replaced by coins. However, although 20 schilling coins were issued from 1980, the 20 schilling note continued to be produced, with 5,000 schilling notes added in 1988.

1983 Series[5]
Image FrontImage BackValue€ equiv.DimensionsDescriptionDate of
ObverseReverseprintingissue
20 Schilling Moritz Daffinger obverse.jpg20 Schilling Moritz Daffinger reverse.jpgS 201.45123 × 61.5 mmMoritz DaffingerAlbertina (Vienna)1 October 198619 October 1988
50 Schilling Sigmund Freud obverse.jpg50 Schilling Sigmund Freud reverse.jpgS 503.63130 × 65 mmSigmund FreudJosephinum (Alsergrund, Vienna)2 January 198619 October 1987
100 Schilling Eugen Boehm von Bawerk obverse.jpg100 Schilling Eugen Boehm von Bawerk reverse.jpgS 1007.27137 × 68.5 mmEugen von Böhm-BawerkAkademie der Wissenschaften2 January 198414 October 1985
500 Schilling Otto Wagner obverse.JPG500 Schilling Otto Wagner reverse.JPGS 50036.34144 × 72 mmOtto WagnerPost Office Savings Bank, Vienna1 July 19851986
1000 Schilling Erwin Schrödinger obverse.jpg1000 Schilling Erwin Schrödinger reverse.jpgS 100072.67152 × 76 mmErwin SchrödingerUniversity of Vienna3 January 19831983
5000 Schilling Mozart obverse.jpg5000 Schilling Mozart reverse.jpgS 5000363.36160 × 78 mmWolfgang Amadeus MozartWiener Staatsoper4 January 198817 October 1989
1997 Series
Image FrontImage BackValue€ equiv.DimensionsDescriptionDate of
ObverseReverseprintingissue
500 Schilling Rosa Mayreder obverse.JPG500 Schilling Rosa Mayreder reverse.JPGS 50036.34147 × 72 mmRosa MayrederRosa Mayreder1 January 199720 October 1997
1000 Schilling Karl Landsteiner obverse.jpg1000 Schilling Karl Landsteiner reverse.jpgS 100072.67154 × 72 mmKarl LandsteinerKarl Landsteiner1 January 199720 October 1997
These images are to scale at 0.7 pixels per millimetre.

See also[edit]

References[edit]

  1. ^ Oesterreichische Nationalbank. "Gesamtverzeichnis der Schillingmünzen von 1947 bis 2001" (PDF) (in German). Archived from the original on 10 November 2006. Retrieved 2006-10-23. 
  2. ^ Münze Österreich. "Coin Catalogue". Retrieved 2006-10-23. 
  3. ^ Oesterreichische Nationalbank. "Circulation Coinage". Archived from the original on 2005-03-17. Retrieved 2006-10-23. 
  4. ^ Allied Military Currency
  5. ^ Oesterreichische Nationalbank. "From the Schilling to the Euro". Archived from the original on 2006-09-24. Retrieved 2006-10-23. 

External links[edit]

Old Schilling
Preceded by:
Austrian krone
Reason: inflation
Ratio: 1 Schilling = 10,000 Kronen
Currency of Austria
1925 – 1938
Succeeded by:
German Reichsmark
Reason: German annexation (anschluss)
Ratio: 1 Reichsmark = 1.5 Schilling
Allied Military Schilling
Preceded by:
German Reichsmark
Reason: restoration of sovereignty, under allied occupation
Ratio: at par, limited to 150 schilling per person
Currency of Austria
November 30, 1945 – November 1947
Succeeded by:
New Schilling
Reason: inflation
Ratio: at par for the first 150 schilling per person, then 1 new schilling = 3 Allied Military Schilling
New Schilling
Preceded by:
Allied Military Schilling
Reason: inflation
Ratio: at par for the first 150 schilling per person, then 1 Schilling = 3 allied military schilling
Currency of Austria
1947 – December 31, 2001
Note: euro existed as an accounting currency since 1 January 1999
Succeeded by:
Euro
Reason: deployment of euro cash
Ratio: 1 euro = 13.7603 schilling