logo_moneymuseum

Austrian Empire, Franz Joseph I, 20 Kronen 1910

back

Austrian Empire, Franz Joseph I, 20 Kronen 1910 (obverse) Austrian Empire, Franz Joseph I, 20 Kronen 1910 (reverse)

In 1892, Emperor Francis Joseph (1848-1916) introduced a monetary reform: He replaced the silver gulden with the gold crown. The new currency was not only for the first time based on the gold standard, but also decimally subdivided. 1 crown held 100 hellers. The names crown (German krone) and heller were only used in the Austrian part of Francis Joseph's realm, however. The Emperor was the head of a dual monarchy, which along with Austria also comprised Hungary. In the Hungarian half, the new currency was called corona and filler respectively. To avoid confusion, the Austrian-Hungarian money therefore bore merely Latin inscriptions or no text at all.

back

Signet Sunflower Foundation