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100 Kronen

Issuer Città di Fiume (Free State of Fiume)
Year 1920
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Value 100 Corone
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Reverse description The Austrian (German-language) side of the Austro-Hungarian Bank 100 Korona note, with a female allegorical vignette accompanied by the Austrian imperial arms and ornate guilloche border work in multicolour. The denomination numeral 100 appears in the lower right, with the anti-counterfeiting warning legend A BANKJEGYEK UTÁNZÁSA A TÖRVÉNY SZERINT BÜNTETTETIK along the lower margin.
Reverse lettering A BANKJEGYEK UTÁNZÁSA A TÖRVÉNY SZERINT BÜNTETTETIK
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Fiume's status in 1920 was genuinely anomalous — Gabriele D'Annunzio had seized the city the previous September with a column of nationalist irregulars and held it against the wishes of both Italy and the Allied powers. The Free State issued its own currency partly as an assertion of sovereignty, partly out of practical necessity, as Austrian krone notes circulated alongside overstamped Italian issues in a monetary environment that was chaotic even by postwar Adriatic standards.

The Regency of Carnaro, as D'Annunzio styled his administration, collapsed in late December 1920 when the Italian army shelled his headquarters — the so-called "Bloody Christmas." Notes issued during those fifteen months carry an expiration date measured in artillery rounds.

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