Collection › Austria › #29
1 Schilling
P-P-103a
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Where & when
What's on the note
Front: Allied Military Schilling occupation currency issued for use in Austria following World War II liberation. The note bears the text 'ALLIIERTE MILITÄRBEHÖRDE' (Allied Military Authority) and 'IN OESTERREICH AUSGEGEBEN' (Issued in Austria), indicating its status as military occupation currency. The denomination '1 SCHILLING' is prominently displayed with decorative laurel branches flanking the central numeral. This series was printed by the United States Bureau of Engraving and Printing in 1944 in preparation for the Allied occupation of Austria and was used alongside occupation marks in the immediate post-war period before Austria's currency sovereignty was restored.
Back: Geometric guilloche patterns with three rosettes containing the denomination '1 SCHILLING'. The central rosette is larger and features intricate anti-counterfeiting line work typical of American banknote printing of the period. The design is purely decorative with security features integrated into the guilloché work, containing no portraits, buildings, or symbolic imagery beyond the denomination markers.
How it was made
Security features: guilloche_patterns,microprint
Austria in Europe
Austria in Europe. Other countries on the same continent shown in muted grey.
Background & history
The Allied Military Schilling (Alliierte Militärbehörde series) was issued in 1944 for circulation in Austria following its liberation from Nazi Germany. These notes were printed in the United States in several denominations and were introduced in 1945 as Austria transitioned from the German Reichsmark. The military currency circulated until 1947, when the restored Austrian government introduced the Second Republic Schilling. The 1 Schilling note of this series (Pick 103a) is relatively common due to its low denomination and widespread use during the two-year occupation period. The series represented an interim monetary solution while Austria re-established its banking system and national sovereignty.
Collector references
How it came to me
Note shows circulation wear with center fold, corner wear, and some soiling on face. Paper remains intact with good color retention.
What it's worth now
Valuation history (1)
| date | low | high | currency | source | note |
|---|---|---|---|---|---|
| 2026-05-08 08:12:58 | 3.0 | 8.0 | USD | ai | claude-sonnet-4-5: Allied Military Schilling notes from 1944 are readily available; P-103a in VF typically sells for $3-8 based on recent dealer inventories and auction results. |
History & extractions
AI extractions (3)
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