1 Austrian Groschen Coin

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Description

1 Austrian Groschen Coin Design

The 1 Austrian groschen coin front design features the National Coat of Arms and the country’s name. The reverse of the coin presents the denomination and the issue date, with a stylized leaf design underneath. This coin is part of the 1947 series, its rim is plain, and its color is silver.

Text: · REPUBLIK · ÖSTERREICH GROSCHEN 1 1947

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In 1924 Austria established the first schilling after the Schilling Act’s pronouncement.

The following year the Oesterreichische Nationalbank issued coins in denominations of 1, 2, 10 groschen, and ½ and 1 schilling, followed by 5 groschen in 1931, 50 groschen, also 1 and 5 schilling in 1934.

In 1938, abolished the schilling for the wake of Germany’s annexation of Austria.

After World War II, Allied Military reintroduced the schilling in 1945.

Between 1947 and 1952 emitted, Coins in denominations of 1, 2, 5, 10, 20, and 50 groschen, and 1, 2, and also 5 schilling.

In 1957 Austria introduced the 10 schilling coin, followed by the 50 groschen and also 1 schilling in 1959, and the 5 schilling coin the following year.

Austria introduced the 20 schilling coin to replace the banknote in 1980; however, the banknote and coin circulated at par for a couple of years.

Because of the collapse of the Bretton Woods system in 1971, the shilling had tied to a series of different currencies, a situation that ended in 1976, when it was tied to the German mark.

The euro became the official currency of Austria in 1999; however, introduced in 2002 euro coins and notes.

Austria currency symbol

The schilling was the official currency of Austria from 1925 to 1938 and from 1945 to 1999. The official currency symbol: S or öS.

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