As the Austrian Empire weakened it gave the opportunity for the birth of the Austria-Hungary Empire led and ruled by the Habsburg monarchy in 1867 based on the "Austro-Hungarian Compromise of 1867". Much of the country's national identity was influenced by Austria and Hungary due to their economic and political strengths which began creating tensions with ethnic Germans, Czechs, and Slovaks.
After Austria-Hungary’s defeat with their German allies during World War I, the Austria-Hungary nation was near political collapse. The Allied Powers looked towards recently formed strong political parties, such as the Czechoslovak National Council that allowed the Allied Powers to recognize regional governments. On October 28, 1918 Czechoslovakia was recognized as one of the new independent countries of the former empire and Tomáš Garrigue Masaryk (founder of the Czechoslovak National Council) was named President.
In 1928, Czechoslovakia celebrated its 10 year anniversary of independence and marked the occasion with a special circulating 10 Korun coinage design.
Designed by Otakar Španiel, the obverse design features Czechoslovakia’s national coat of arms with the denomination “10 Kč” directly above. Below the coat of arms is the dual date “1918-28” to mark the 10 years and Roman numeral ten “X” to mark the anniversary while to the right is the year of issue date “1928”.
The reverse design features reverse design features the bust image of Tomáš Garrigue Masaryk. Below the bust design are the designer’s initials “O.Š”.
Remarkably, many coins were saved in high grades and survived over the decades allowing for affordable prices.