

This is an Austrian 10 Schilling banknote issued by the Allied Military Authority in 1944, graded in AU condition. The note displays crisp, uncirculated characteristics with sharp engraving throughout, intact margins, and no visible wear, creases, or stains. The denomination is prominently featured in large numerals on both sides, surrounded by elaborate ornamental borders and decorative cartouches printed in green and olive tones, making it a fine example of Allied occupation currency.
Common. The eBay price data demonstrates consistent market values ranging from $0.99 to $17 over the past 15 years, with most sales in the $3-$11 range. The 2016 catalogue values (UNC: $16) align with observed market activity. This note was part of a standard Allied Military Authority currency series with presumably substantial print runs to meet circulation needs in occupied Austria. No evidence of limited availability, short print runs, or recalls is present in the catalog data or historical record.
This note represents the immediate post-WWII period when the Allied Military Authority issued occupation currency in Austria following Nazi Germany's defeat. The inscription 'IN OESTERREICH AUSGEGEBEN' (Issued in Austria) and the explicit identification of the issuer as the Allied Military Authority reflect the transitional governance structure during Austria's liberation and the establishment of the Four-Power occupation. The 1944 date places this among the earliest Allied military currency issued for Austrian circulation, before the Austrian schilling was formally restored as the independent national currency.
The 10 Schilling note features a purely ornamental design with no portraits or identifiable landmarks, which is typical of Allied military occupation currency. The front side is dominated by a large central cartouche containing the denomination numeral '10', framed by elaborate scrollwork and floral engraved patterns. The back side similarly emphasizes the denomination with 'ZEHN SCHILLING' text positioned on either side of a centered '10' numeral enclosed in a decorated square frame, with radiating line work creating depth in the background. Both sides feature intricate cross-hatching, geometric border patterns, and fine engraved line work characteristic of security printing. The color scheme of green and olive tones on a cream/beige background provides good contrast for the detailed engraving.
Front Side: '10 SCHILLING' / 'ZEHN SCHILLING' (Ten Schilling); 'ALLIIERTE MILITÄRBEHÖRDE' (Allied Military Authority); 'SERIE 1944' (Series 1944); 'IN OESTERREICH AUSGEGEBEN' (Issued in Austria); Serial number 'E 20 030036'. Back Side: 'ZEHN SCHILLING' (Ten Schilling) appears on both left and right sides; Large central denomination '10'.
Intaglio/engraved printing, characteristic of high-security banknote production. The fine line work, complex cross-hatching, detailed geometric patterns, and radiating background designs visible throughout both sides are typical of traditional engraved banknote production. The sharpness and clarity of impression in the uncirculated example confirms professional security printing standards. The printer for this specific issue is not definitively identified in the available catalog data, but Allied occupation currency was typically produced by secure government or contracted security printers.
The serial number observed in this example is 'E 20 030036' in red ink, indicating Series E. The PMG population report notes two catalogued variants (P-106 and P-106*), with the asterisk typically indicating a starred or replacement note variety. The specific variety status of this example would depend on whether it exhibits characteristics of the base P-106 issue or the P-106* variant, which would require comparison with authenticated examples. No overprints or date variations are apparent in the visual analysis.