Exchange Options For Austrian Schillings

The Austrian Schilling was the currency of Austria from 1925 to 1938 and from 1945 to 1999, and the circulating currency until 2002, when it was replaced by the Euro. Austrian Schillings are now obsolete, but the last issues of banknotes and coins can still be exchanged for euros at any branch of the Oesterreichische Nationalbank (OeNB).

Where to exchange Austrian schillings

The Austrian Schilling was the currency of Austria from 1925 to 1938 and from 1945 to 1999, and it remained in circulation until 2002 when it was replaced by the Euro.

Austrian Schillings are now obsolete, but there are still some options for exchanging them.

Oesterreichische Nationalbank (OeNB)

The OeNB will exchange unlimited amounts of schilling banknotes and coins from the last series into euros for an unlimited period. The exchange rate is 1 Euro = 13.7603 Schillings. The OeNB also exchanges all silver schilling coins issued from 1955 to 2001 at their face value (ATS 25, ATS 50, ATS 100, or ATS 500).

Leftover Currency

Leftover Currency is a specialist in exchanging obsolete currencies and offers an online exchange service for Austrian Schilling coins and banknotes. Their website provides information on the different types of Austrian Schillings that can be exchanged and the corresponding exchange rates.

Professional Coin Dealers

Depending on the current silver price, schilling silver coins may be sold at higher prices at professional coin dealers.

It is worth noting that the exchange period for schilling banknotes withdrawn before the introduction of the Euro in 1999 has expired, so these can no longer be exchanged into euros at the OeNB.

Exchange rate for Austrian schillings

The Austrian schilling was the currency of Austria from 1925 to 1938 and from 1945 to 1999, and it continued to circulate until 2002. In 1999, the Euro was introduced at a fixed parity of €1 = 13.7603 schillings, and the schilling was phased out of circulation by February 2002.

The Oesterreichische Nationalbank (OeNB) will still exchange unlimited amounts of schilling banknotes and coins of the last series into euros indefinitely. The exchange rate is 1 Euro = 13.7603 Schillings.

However, the exchange period for schilling banknotes withdrawn before the introduction of the Euro has expired, so these can no longer be exchanged.

Some schilling coins that are no longer legal tender can also no longer be exchanged, including the 5 and 10 schilling silver coins. However, silver schilling coins may sell at higher prices at professional coin dealers.

Leftover Currency, a specialist in exchanging obsolete currencies, offers the following exchange rates for Austrian schillings:

1 ATS = £0.0310900000 (for 5, 10, and 20 ATS coins)

1 ATS = £0.0390100000 (for 20 and 50 ATS banknotes)

1 ATS = £0.0061110000 (for 20, 50, 500, 1000 ATS banknotes)

Another source gives the rate of 1 ATS = 0.076251958 USD.

History of the Austrian schilling

The Austrian schilling was the currency of Austria from 1925 to 1938 and from 1945 to 1999, and it continued to circulate until 2002 when it was replaced by the euro. The name schilling is directly related to the English shilling, with both words gradually evolving from a unified original name.

The schilling was established by the Schilling Act (Schillingrechnungsgesetz) of 20 December 1924, at a rate of one schilling to 10,000 kronen. The first schilling was issued on 1 March 1925. The schilling was abolished in 1938 in the wake of Germany's annexation of Austria, when it was exchanged at a rate of 1.50 schillings to one Reichsmark.

The schilling was reintroduced after World War II on 30 November 1945 by the Allied Military, who issued paper money in denominations of 50 groschen, 1, 2, 5, 10, 20, 25, 50, 100, and 1000 schillings. The Nationalbank also began issuing schilling notes in 1945 and the first coins were issued in 1946.

The Austrian government secured financial aid from the League of Nations in September 1922, which led to the foundation of the Austrian Central Bank—the first major step in Austria's economic reconstruction programme following the First World War. In December 1923, the Austrian parliament authorised the issue of silver coins at a denomination of half schilling, schilling, and double schilling.

The schilling's exchange rate link to the US dollar in 1953, following Austria's successful monetary reorganisation, paved the way for the country's membership of the International Monetary Fund. The Central Bank kept the value of the schilling stable by opting for a hard currency policy, which resulted in the tying of the schilling's exchange rate to the Deutsche mark from 1976 onwards.

Although the euro became the official currency of Austria in 1999, euro coins and notes were not introduced until 2002. Old schilling coins and notes were phased out from circulation by 28 February 2002. Schilling banknotes and coins that were valid at the time of the euro's introduction will remain exchangeable for euros at any branch of the Oesterreichische Nationalbank for an unlimited period. The exchange rate is €1 to 13.7603 schillings.

Obsolete Austrian schilling coins

The Austrian schilling was the currency of Austria from 1925 to 1938 and then again from 1945 to 1999, and it remained in circulation until 2002 when it was replaced by the euro. The schilling was divided into 100 groschen, and the exchange rate was fixed at 1 euro to 13.7603 schillings.

Although the euro became the official currency of Austria in 1999, euro coins and banknotes were not introduced until 2002. The Oesterreichische Nationalbank (OeNB) will still exchange unlimited amounts of schilling banknotes and coins of the last series into euros indefinitely. However, schilling banknotes with expired exchange deadlines can no longer be exchanged for euros at the OeNB.

Austrian Schilling coins became obsolete in 2002 when they were replaced by the euro. The Austrian Mint issued Austrian Schilling coins in 10 different denominations, including 1, 5, 10, 20, and 50 schilling coins. These coins were made from various materials, including aluminium, bronze, copper, and nickel, and featured different designs and commemorative editions. The 1 schilling coin, for example, featured three edelweiss flowers, while the 10 schilling coin featured a woman in folk clothing. The 20 schilling coin had a common front side, but several different back sides, mostly commemorative editions.

The value of these obsolete Austrian schilling coins varies depending on the specific coin and its condition. For example, the exchange rate for the 20 schilling coin is 1 ATS = £0.0310900000, while for the 10 schilling coin, it is 1 ATS = £0.0310900000. These coins can be exchanged through specialist currency exchange services, which offer an online exchange service that is quick, easy, secure, and free of charge.

Obsolete Austrian schilling banknotes

The Austrian schilling was the currency of Austria from 1925 to 1938 and from 1945 to 1999, and it continued to circulate until 2002 when it was replaced by the euro. The schilling was divided into 100 groschen.

Austrian schilling banknotes are now obsolete and can be exchanged for euros at any branch of the Oesterreichische Nationalbank. The OeNB will exchange unlimited amounts of schilling banknotes and coins of the last series into euros for an unlimited period at the rate of 1 Euro = 13.7603 Schilling. However, schilling banknotes that were withdrawn before the introduction of the euro in 1999 can no longer be exchanged.

Some examples of obsolete Austrian schilling banknotes include:

• 20 Austrian Schilling banknote (Moritz Daffinger): This brown paper banknote features the text 'Öesterreichische nationalbank' and depicts Moritz Daffinger, an Austrian painter and sculptor.
• 50 Austrian Schilling banknote (Sigmund Freud): This banknote features Sigmund Freud, the famous Austrian neurologist and founder of psychoanalysis, and contains the words 'Öesterreichische nationalbank'.
• 100 Austrian Schilling banknote (Eugen Bohm Ritter von Bawerk): This olive green banknote features Austrian economist Eugen Bohm Ritter von Bawerk and has the words 'Öesterreichische nationalbank' printed on it.
• 500 Austrian Schilling banknote (Rosa Mayreder): This five-hundred schilling bill features Austrian feminist Rosa Mayreder and contains the words 'Öesterreichische nationalbank'.
• 1000 Austrian Schilling banknote (Bertha von Suttner): This one-thousand schilling banknote features Austrian writer and Nobel Peace Prize winner Bertha von Suttner. The back of the note depicts Hohenzalzburg Castle in Leopoldskron, Austria.
• 5000 Austrian Schilling banknote (Wolfgang Amadeus Mozart): This five-thousand schilling banknote features the famous Austrian composer Wolfgang Amadeus Mozart and has the text 'Öesterreichische nationalbank' printed on it.

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