1934, Austria (1st Republic). Silver 5 Schilling “Madonna of Mariazell” Coin. XF
Mint year: 1934 Mint place: Vienna Reference: KM-2853. Denomination: 5 Schilling Condition: Dull toning, otherwise a nice XF-AU! Material: Silver (.835) Weight: 15.03gm Diameter: 31mm
The Schilling was established by the Schilling Act (Schillingrechnungsgesetz) of December 20, 1924 at a rate of 1 Schilling to 10,000 Austro-Hungarian Kronen and issued on 1 March 1925. The Schilling was abolished in the wake of the Anschluss (1938), when it was exchanged at a rate of 1 German Reichsmark to 1.5 Schilling.
In Austrian history, the First Republic encompasses the period following the breakup of the Austro-Hungarian Monarchy at the end of World War I, up to World War II. Austria was a de-facto republic, as the constitution did not identify it directly as a republic, its official name was the Federal State of Austria. This period was marked by violent strife between the left and the right, as seen in the July Revolt of 1927. The Constitution of Austria was enacted in 1920 and amended in 1929. The First Republic ends with the Anschluss to Nazi Germany in 1938, or, according to some accounts with the establishment of the Austro-fascist dictatorship in 1933/34 following the Austrian Civil War. (The constitution of the Austro-fascist state did not consider Austria a republic, but only a Bundesstaat, i.e. a federal state).