Old Austrian Shillings: Still Legal Tender?

The Austrian schilling was the currency of Austria from 1925 to 1938 and then again from 1945 until 1999, when it was replaced by the euro. However, the schilling remained in circulation until 2002. So, can you still use Austrian schillings?

Where can I exchange Austrian shillings?

The Austrian Schilling was the currency of Austria from 1945 until 2002, when it was replaced by the Euro.

Where can I exchange Austrian Schillings?

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

In addition to the Schilling circulation coins, 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).

Please note that depending on the current silver price, Schilling silver coins may sell at higher prices at professional coin dealers.

Leftover Currency is a specialist in the exchange of obsolete currencies, like the Austrian Schilling. They exchange both Austrian Schilling coins and banknotes. Their online exchange service is quick, easy, secure, and free of charge.

What is the exchange rate for Austrian shillings?

The Austrian Schilling was the currency of Austria from 1945 until 2002, when it was replaced by the Euro. The Austrian Central Bank will still exchange unlimited amounts of schilling banknotes and coins of the last series into euros for an unlimited period. The exchange rate is 1 Euro = 13.7603 Schillings.

As of November 25, 2024, 1 ATS is equal to 0.076251958 US dollars. The best day to change Austrian schillings into US dollars was Friday, August 23, 2024, when the currency reached its highest value. On that day, 1 Austrian schilling was equal to 0.08141 US dollars.

The website Leftover Currency offers an exchange service for obsolete currencies, including the Austrian Schilling. The exchange rates for different denominations of Austrian schilling banknotes and coins are as follows:

Austrian Schilling Banknotes

• 20 ATS (Carl von Ghega): 1 ATS = £0.0061110000
• 20 ATS (Moritz Daffinger): 1 ATS = £0.0390100000
• 50 ATS (Ferdinand Raimund): 1 ATS = £0.0061110000
• 50 ATS (Sigmund Freud): 1 ATS = £0.0390100000
• 100 ATS (Angelika Kauffmann): 1 ATS = £0.0061110000
• 100 ATS (Eugen Bohm Ritter von Bawerk): 1 ATS = £0.0390100000
• 500 ATS (Joseph Ressel): 1 ATS = £0.0061110000
• 500 ATS (Otto Wagner): 1 ATS = £0.0061110000
• 1000 ATS (Bertha von Suttner): 1 ATS = £0.0061110000
• 1000 ATS (Erwin Schrodinger): 1 ATS = £0.0061110000
• 20 ATS (Carl Auer von Welsbach): 1 ATS = £0.0061110000

Austrian Schilling Coins

• 50 ATS: 1 ATS = £0.0310900000
• 20 ATS: 1 ATS = £0.0310900000
• 10 ATS: 1 ATS = £0.0310900000
• 5 ATS: 1 ATS = £0.0310900000
• 1 ATS: 1 ATS = £0.0310900000

Are Austrian schillings still legal tender?

The Austrian schilling was the currency of Austria from 1925 to 1938 and then again from 1945 until 1999. By 2002, it was the circulating currency in Austria. The Euro was introduced at a fixed parity of €1 = 13.7603 schillings to replace it.

Austrian schillings are now obsolete and are no longer legal tender. However, the Oesterreichische Nationalbank (OeNB) will still exchange unlimited amounts of schilling banknotes and coins of the last series into euros for an unlimited period. The exchange rate is 1 Euro = 13.7603 Schillings.

In addition to the Schilling circulation coins, 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).

What replaced Austrian shillings?

The Austrian schilling was replaced by the euro in 2002. The euro was introduced at a fixed parity of €1 = 13.7603 schillings.

The Austrian schilling was the currency of Austria from 1925 to 1938 and from 1945 to 1999, and the circulating currency until 2002. The schilling was divided into 100 groschen.

The schilling was established by the Schilling Act (Schillingrechnungsgesetz) of 20 December 1924, at a rate of one schilling to 10,000 kronen and 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 for one Reichsmark.

The schilling was reintroduced after World War II on 30 November 1945 by the Allied Military, who issued paper money (dated 1944) in denominations of 50 groschen, 1, 2, 5, 10, 20, 25, 50, 100, and 1000 schillings. The exchange rate to the Reichsmark was 1:1, limited to 150 schillings per person. The Nationalbank also began issuing schilling notes in 1945 and the first coins were issued in 1946.

The Oesterreichische Nationalbank (OeNB) will still exchange unlimited amounts of schilling banknotes and coins of the last series into euros for an unlimited period. The exchange rate is 1 Euro = 13.7603 Schillings. In addition to the Schilling circulation coins pictured here, 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).

What are Austrian schillings made of?

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.

The first Austrian schilling was established by the Schilling Act (Schillingrechnungsgesetz) on 20 December 1924, at a rate of one schilling to 10,000 kronen. It was issued on 1 March 1925. The first schilling coins were made of bronze (1 and 2 groschen) and cupro-nickel (10 groschen). Silver coins were also introduced in 1925, in denominations of 1/2 and 1 schilling. In 1926, a 90% gold coin with a value of 25 schillings was introduced.

In 1931, cupro-nickel 5 groschen issues were introduced, followed by cupro-nickel 50 groschen and 1 schilling coins in 1934. Silver 5 schilling coins were also introduced in 1934, containing 83% silver. In 1937, 64% silver coins with a value of 2 schillings were issued.

After the Second World War, the first schilling coins to be reintroduced were made of aluminium (1, 2, and 5 groschen) and zinc (1 and 5 groschen). In 1957, silver 10 schilling coins were introduced, followed by aluminium-bronze 50 groschen and 1 schilling coins in 1959. In 1960, the composition of the 5 schilling coins changed from aluminium to silver. In 1969, cupro-nickel replaced silver in the 5 schilling coins, and in 1974, the same happened with the 10 schilling coins. An aluminium-bronze 20 schilling coin was introduced in 1980.

In addition to the circulating coins, silver coins were also issued with values of 25, 50, 100, 200 and 500 schillings. Gold coins were also issued, with values of 500 and 1,000 schillings. These gold and silver coins were considered legal tender but were rarely used in transactions.

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