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Austrian Gold Coins

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The Austrian Gold Coins

The Austrian Mint has been manufacturing outstanding gold coins of the highest quality for over 800 years. One of the most famous historical Austrian Gold Coins is the Gold Corona, especially the 1915 Austrian 100 Corona Gold coin. These coins were first produced in 1892, as the official currency coin of the Austro-Hungarian Empire until its dissolution in 1918. However, the Austrian 100 Corona Gold Coin is still being minted today bearing the 1915 mint mark. The most popular modern gold bullion among Austrian Gold Coins is the Austrian Philharmonic Gold Coin, which was first released in late 1989. When the coin was first issued, its denomination was established in Austrian Schillings and, as of 2002, the coins have euro face values. The Austrian Philharmonic Gold coin is a legal tender Austrian Gold coin, with its weight and purity guaranteed by the National Bank of Austria. Unlike other gold bullion coins produced by many other international mints, Gold Philharmonics, issued to celebrate the Austrian Philharmonic Orchestra, carried a similar design during their mintage period, preserving the coin’s beauty and sharply detailed elements. Austrian Gold Philharmonic coins have been the best-selling coins of 1992, 1995 and 1996, according to the World Gold Council. The reason for their notorious success is that Gold Philharmonics do not contain any depictions of Ancient Roman or Greek Gods, other pagan symbols or living beings such as important historic figures or animals, being one of the rarest coins that are struck without the above design concepts.

 

The Austrian Mint

The first mention of striking coins in Austria was in 1194 when Duke Leopold V of Austria received 15 tons of silver from Richard the Lionheart and decided to produce coins from them. This is the beginning of the coinage history in Vienna, although any other mentions about the Vienna Mint haven’t been registered for over 200 years since then. The Mint changed its location several times, from near to the Hoher Markt, then Wollzeile, Himmelpfortgasse winter palace and then to its last location in central Vienna during the 19th century. Although several other mints have been established on the Austrian territory, the Vienna Principal Mint was the one and only operational mint when the Republic of Austria was founded in 1919 and changed its name to the “Austrian Mint”. In 1989, the Münze Österreich ("Austrian Mint") became the subsidiary of the National Bank of Austria and since then it’s a public limited company. The Austrian Mint is considered to be one of the finest mints in the world. The mint is in charge both for the stamping and the design of its coins, which until 2002 were only Austrian Schillings, commemorative and gold bullion coins, as well as circulation and coin blanks for other countries. In 2002 the mint welcomed Austrian euro coins to its production list.  

 

Austrian Gold Coins Sizes and Designs

Austrian Philharmonic Gold Coins are produced of 1/10 oz., ¼ oz., ½ oz. and 1 troy ounce of .9999 pure gold, carrying face values of €10, €25, €50, and €100. However, the Austrian Mint produced several exclusive weight options, like their 2004 release of a 1,000 ounces Gold Philharmonic with a denomination of €100,000 and the 2014 and 2015 1/25 oz. coins with a face value of €4. The 1,000 ounce coin, also called “Big Phil”, was issued to commemorate the 15th anniversary since the introduction of the Gold Philharmonic. Gold Philharmonic coins can be purchased individually, in special protective vinyl coin flips and in plastic tubes of 10 coins. The Gold Koronas were issued during 1892 and 1918 in three denominations of 10, 20 and 100 Corona, made of, respectively, 3.39 g (0.0980 oz.), 6.78 g (0.1960 oz.) and 33.9 g (0.9802 oz.) of .900 pure gold.

The Austrian Philharmonic Gold Coins

Philharmonic Gold Coins issued by the Austrian Mint were introduced to commemorate the pride of every Austrian, the Philharmonic orchestra. The Vienna Philharmonic Orchestra, one of Austria’s national symbols, was established before 1850 and is considered to be one of the best ensembles in the world. The obverse side of the coin features the depiction of the great organ which can be found in the Vienna Philharmonic in the Musikverein’s Golden Hall. The image is encircled by the words “Republik Osterreich”, the coin’s size, purity, year of mintage and denomination engravings. On the reverse side of the coin is represented an array of the Viennese orchestra’s instruments: the string bass, violins, cellos, bassoon, harp and the Viennese horn. The reverse side of the coin also contains the inscription of the Austria Philharmonics’ name engraved in German.

The Austrian Korona Gold Coins

The official currency of the Austro-Hungarian empire, the Gold Corona, carries a remarkably historically unique obverse and reverse design. On the obverse side of the coin is depicted the bust of Franz Josef I, the Austrian Emperor and the Hungarian King, also King of the Croatia, Bohemia, Galicia and Lodomeria and Grand Duke of Cracow. His image is surrounded by the legend in Latin. On the back of the coin is represented the Austrian Coat of Arms, superimposed over a crowned imperial eagle with two heads. The Austrian Crows Arms is surrounded by the mint date and the coin’s denomination. The 1915 Austrian Gold coin is still being struck as the modern Austrian 100 Corona, preserving its design.

 

If you have questions about these Austrian Gold Coins, please do not hesitate to contact us by phone at 800.852.6884. You can also reach a Bullion Exchanges customer service associate online by using our live chat, or by submitting your questions by email to info@bullionexchange.com.

 

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