What is Austrian 100 Corona?

What is Austrian 100 Corona? Definition of Austrian 100 CoronaSpecific mint of gold coin from Austria. Their denomination is “100 Coronas” and their sizes aren’t standardized. Underweight counterfeits can occur and should be assessed. Most precious metals IRA will not accept 100 Coronas due to their unstandardized size.

The Austrian 100 Corona was originally issued to mark the 60th anniversary of Emperor Franz Joseph I, the monarch of Austria, King of Hungary, ruler over Croatia, other Austro-Hungarian states. He was also President of the German Confederation, the longest-reigning emperor of Austria, and is the fourth longest-reigning monarch of any country in European history. The Austrian 100 Corona was minted between 1908 and 1914. The edge of the Austrian 100 Corona is etched with the personal motto of Emperor Franz Joseph, Viribus Unitis “With United Forces”. The reverse side of the coin showcases the Austrian Coat of Arms, a crowned double-headed eagle.

The Austria 100 Corona was among the earliest coins sold to individual gold bullion collectors, driven by an increased interest in owning gold as a solid investment. However, during this time period, the U.S. Government made it illegal for Americans to own gold bouillon, unless it had collectors value and was dated prior to 1933. The Austrian Mint was able to take advantage of this loophole by restriking the coin and dating it 1915. The Austrian Mint, located in Vienna, reintroduced the Austrian 100 Corona to the public in 1975. The gold coins available today are almost identical to the original and has a gold content of 0.98 oz pure. The gold is mixed with a small amount of copper to increase strength.

While the Austrian 100 Corona has no legal tender value, however, because the coin is minted by a government the purity and weight of the gold contained in the coin are guaranteed.

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See Also…

Numismatic, Bullion Coin, Precious Metal IRA, Government Mint

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