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Austrian Gold Coins

Well-known for the precision, quality and craftsmanship of their coins, the Austrian mint use quality 24k Gold and 99.99% fine Silver for the majority of their coin collections. For those investors seeking to diversify their collection there are also ranges minted in Platinum and Niobium; metals uncommon to many mints.

Offering a number of bullion coins made from the highest quality of metal, the Austrian Mint is great for option investors in precious metals for both long and short term. The Gold and Silver Philharmonics collections, first offered in 1989, stand out as the Mint’s most popular signature collection. With a large selection of famous and unusual designs to choose from, such as the ornately engraved Vienna Philharmonics and the Maria Theresa Thaler, Austrian mint collector coins are also a great option for those seeking a more diverse portfolio.

As an investment, gold is quite unique in that it is usually sold tax-free, with gold coins and bars set as VAT exempt in Austria and throughout the European Union, provided that certain legal conditions are met.

History of the Austrian Mint

The Austrian Mint

It is believed that the first gold coin struck by the Austrian Mint was the Goldgulden of Duke Albert II sometime during the 1300’s. The next 500 years saw the Mint strike millions of other gold coins, including the Austrian Gulden (1870 - 1894), Corona “Crown” (1892 - 1915) and Dukat (1872 - 1915), which circulated internationally up to the 1st World War which have all greatly appreciated in value.

Founding Of The Mint

The Mint was founded in Vienna in 1194 and celebrated 800 years of the minting of coins in 1994. The Vienna Mint is first named in historical records in 1371.

The Austrian Mint LC is a public company wholly owned by the Austrian National Bank. The Mint traces its origins to a Mint in Vienna established in 1194, where according to rumour, the first coins were struck with the silver used to pay the ransom to secure the release of Richard the Lionheart - the famous English King captured in Austria by Duke Leopold on his return from his third crusade.

Richard the LionHeart

The Ring Press

Did you know that today’s perfectly round, modern coins can be traced back to the Ring Press, a 19th Century innovation of the Austrian Mint?

This machine has been in use in mints across the globe since 1830 up to today, albeit with some evolution to modernise it.

The Mint’s Location And Name

The mint has been relocated within Vienna three times and is currently located in Am Heumarkt. Until 1918, the Mint was known as the Imperial and Royal Central Mint (Kaiserlich Königliches Hauptmünzamt). From 1918 until 1989 (minus 1938 -1945 when the German Reich controlled it), it was known as The State Mint of the Austrian Republic (Österreichisches Hauptmünzamt). Since 1989, it has been recognised as the Austrian Mint LC (Münze Österreich AG).

The Austrian Mint Today

The Mint previously fell under the control of the Ministry of Finance, however, in 1989 when established as Austrian Mint LC it became a public company.

The Mint produces all of Austria’s circulating coinage, minting a staggering 30 million coins annually, with its annual capacity set at around 65 million coins, or roughly 250,000 daily. Apart from restriking vast quantities of historical Dukat, Gulden and Corona gold coins, it now mints many other proof gold (and silver) medallions and coins for the international market.

The Austrian Mint Designers

Design, craftsmanship, and innovation are taken very seriously at the Austrian Mint. Legendary designer, Thomas Pesendorfer, was responsible for the design of the Gold Philharmonic, the world’s best-selling coin on several different years.

In 2016 Helmut Andexlinger took up the reins from Pesendorfer to lead the Mint’s engraving department as head of the design team. Helmut’s right hand is the highly experienced Herbert Wähner and two new team members, Anna Rastl and Kathrin Kuntner.

The team is committed to producing a masterpiece with every coin. Helmut Andexlinger and his team are following in the long and noble tradition of the Austrian Mint. This video from Coinweek takes a look at what goes into designing a new coin at the Austrian Mint and includes a short interview with Helmut.

Austrian Mint Coin Standards

Austrian gold coins, and indeed those in other precious metals, are offered in 3 distinct standards:

  • Uncirculated Quality These coins are the same quality as regular circulation Euro coins, meaning that they have passed stringent quality control procedures. These may be part of long production runs from a well-used die.
  • Special Uncirculated Quality Coins which are from the beginning of a production run from a brand new die. These coins are towards the higher end of the quality scale, are individually checked for quality issues, and are therefore more valuable.
  • Proof Quality A scarce and valuable coin. This coin is the result of the first strike of a brand new die which only comes into service at the Austrian Mint after undergoing a 22-step preparation from its leading craftsmen.

The Austrian Mint’s Unique Use Of Niobium

The Austrian mint coined the first Niobium coins and had been considered a global innovation since they were launched over a decade ago. Using ‘anodized oxidation’, a thin oxide layer is formed, and its subsequent light refraction forms Newton’s rings, making the niobium pill inside the coin’s silver outer ring appear colourful and precious.

Take this fantastic 2017 Austria Silver & Niobium - Microcosm Proof Coin for instance, which is a tremendous example of the mint’s exquisite artistry in Niobium:

Niobium Coin

Key Austrian Mint Coins

While possible to buy individual gold coins from the Austrian Mint, some of its most famous designs have been issued as collections.

Collectors enjoy obtaining a complete collection due to the joy of the hunt, and the satisfaction of having an entire set to study. Also, a full complement of a series of coins will be worth more as a whole, than piece by piece.

In this section we will explore some of the more famous offerings from the Austrian Mint:

Vienna Philharmonic Gold Coins

Obverse

philharmonic gold obverse

The obverse side of the coin displays the fantastic pipe organ in the Golden Hall in Vienna's concert hall, the home of the Vienna Philharmonic Orchestra. Also featured on this side are the weight, face value in Austrian Schillings (2002 and earlier) and Euros from 2002 onwards, fineness of gold and the year of issue.

Reverse

philharmonic gold reverse

An intricate and detailed engraving of musical instruments representing the world-famous Vienna Philharmonic: The Vienna horn, bassoon, harp, and four violins placed around a cello.
This intricate engraving also contains the words ‘Wiener Philharmoniker’ meaning the Vienna Philharmonic in German.

25TH Anniversary of the Vienna Philharmonic Gold Coin

The Gold Vienna Philharmonics were released as a set of one ounce and quarter ounce proof quality coins to celebrate their 25th anniversary. This collection is viewed by many collectors as the peak collection of Gold Vienna Philharmonics due to their rarity and quality.

Check out this video to see a real unboxing of Austrian Silver Coins (2018 Silver Philharmonic Edition)

‘Klimt And His Women’ Series Coins

Gustav Klimt, the legendary Austrian artist, was celebrated in this five 10g Gold coin series from the Austrian Mint which was released in 2012, 150 years after his birth.

The coins focus on some of his most famous works, his pieces on women which are all paintings with his unique art nouveau style, and even including one-time most expensive painting to be sold, and a famous piece that was destroyed during the Second World War.

The coins each feature a letter from the name Klimt, making them a natural collection.

Portrait Of Adele Bloch-Bauer

Featuring the wife of a wealthy patron in an enigmatic pose, this portrait was the most expensive painting ever to be sold, fetching $135 million when sold at the Neue Galerie in New York in 2006. This vies with ‘The Kiss’ as being Klimt’s most famous work.

Obverse

adele bloch bauer obverse

Adele Bloch-Bauer portrait. ‘K’ motif.

Reverse

adele bloch bauer reverse

Klimt portrait

The Expectation

This coin celebrates one of Klimt’s most famous depictions of women again, with a female figure in an expectant pose, painted in an Egyptian style with Klimt’s trademark swirling style around it.

Obverse

The Tree of Life

Tree of life

Reverse

expectation obverse

Egyptian style frieze from Palais Stoclet in Brussels. ‘L’ motif.

Judith II

The 50 Euro Judith II gold coin won ‘most artistic coin’ in the COTY awards 2016.

This depiction of Judith, saviour of the Israelites, casts her in a savage and thought-provoking pose. It also depicts his ‘Nuda Veritas’ holding the mirror of truth.

Obverse

Nuda Veritas from Klimt’s golden phase

Nuda Veritas from Klimt’s golden phase.

Reverse

Judith II reverse

Judith II clutching head of Assyrian general. ‘I’ motif.

Medicine

Painted between 1900 and 1907 to decorate the ceiling of the assembly hall of the University of Vienna, Gustav Klimt’s Faculty Paintings were the Viennese master’s last public commission. He refused payment or to deliver the artworks after they were criticised by the public for being pornographic, and this piece was unfortunately destroyed by the Nazis in 1945.

This coin depicts the female faculty of Medicine, Hygieia, daughter of the Greek god of medicine.

Obverse

Medicine Obverse

Eumenides, Greek deity of vengeance

Reverse

Medicine, faculty painting, with snake and cup. M motif

Medicine, faculty painting, with snake and cup. ‘M’ motif.

The Kiss

Many experts believe the man in The Kiss is Klimt himself and that the woman he is kissing is Emile Flöge, Klimt’s partner in real life. It is unsurprising that he chose his lover to represent in paintings that became famous for their celebration of women. This is arguably Klimt’s best-loved and most famous work.

Obverse

The Kiss obverse

Portrait of Emile Flöge and the artist himself

Reverse

The Kiss reverse

Famous kiss between Flöge and a man seen as being Klimt. ‘T’ motif.

Gold Ducats, Gulden, and Crowns

Investors will be interested in these particular Gold coins from the Austrian Mint. Minted in Gold of a very high purity, the Ducats, Gulden, and Crowns (Coronas) come in different sizes and denominations, and are as much a great investment as they are an interesting piece of history.

Ducats were issued by Austria in 1612, and probably earlier. The Austrian Mint ceased issuing ducat coins in 1914 during the last years of Franz Joseph I, emperor of the Austro-Hungarian Empire.

All the ducats dated 1915 are restrikes, of which there were 996,721 struck between 1920 and 1936. One of the ducat coins dated 1915 are still being produced by the Austrian Mint as official restrikes. Ducats were produced with a very high purity gold, 23 3/4 carats, making them among the highest purity gold coins ever issued for circulation.

Obverse

Austrian Ducat Obverse

The bare head, facing right, of Emperor Franz Joseph I

Reverse

Habsburg Coat of Arms

House of Habsburg’s coat of arms

Austrian Crown (Corona)

Long before Krugerrands appeared, Austria was already producing a sizeable gold coin, the One Hundred Coronas. In the typical Austrian tradition, after the death of Franz Joseph in 1916, official restrikes were issued as commemorative pieces, all bearing the date 1915. The original coins were issued between 1908 and 1914, bearing their date of issue.

The corona as a denomination began with the monetary reform of 1892, until Austria became a republic in 1918. These coins replaced Guldens as Austria’s coinage at the end of the 19th Century.

Obverse

Austrian Crown Obverse

The bare head, facing right, of Emperor Franz Joseph I

Reverse

Austrian Crown Reverse

The coat of arms of Austria overlapping a crowned double-headed Imperial eagle

Austrian Gulden

The Gulden is Austria’s version of the Florin, a monetary unit used in France, Belgium, Italy, and Switzerland in the 19th Century. Struck in Gold, these coins were used in circulation up until 1892, when they were replaced by the Corona.

Obverse

Austrian Gulden Obverse

The laureate head, facing right, of Emperor Franz Joseph I

Reverse

Austrian Gulden reverse

The arms of Austria superimposed upon a crowned double-headed Imperial eagle - IMPERIUM AUSTRIACUM

‘Wildlife in our sights’ 0.5oz Gold Proof 100 Euro Coins

Perfect for investors as well as collectors who appreciate intricate, beautiful, craftsmanship; the Austrian Mint's 'Wildlife in our sights' collection of Gold coins is a must have.

These six beautiful animals are native to Europe and can be found in Austria to this day, and their likenesses are displayed in glorious poses showing their character and charm; all the more impressive considering that it is crafted in metal.

Fans of the animals themselves will appreciate that obverse features a charming scene of the animals in situ with their lovely youngsters, and the reverse displays a close up of the animal itself, both in stunning detail.

The Alpine Ibex

A fantastic animal, the Alpine Ibex fought its way back from near-extinction, and can be seen in central Europe’s mountains. This coin displays their fantastic horns and mountainous home in intricate detail.

The Alpine Ibex

The Fox

Everyone is familiar with foxes which thrive in both urban and countryside environments. This coin captures their charm and noble bearing.

The Fox

The Capercaillie

The largest member of the Grouse family is unfortunately not found in many parts of Europe now, but it’s still found in Austria. This coin shows the Capercaillie in its unique mating pose.

Capercaillie

The Wild Boar

Wild boars are nocturnal and will rarely be seen despite being fairly common in woodland throughout the continent. The coin shows the boar’s intelligence and character, and its hoglets are particularly cute.

The Wild Boar

The Red Deer

Considered one of Europe’s most noble creatures, the coin shows the red deer buck bellowing during the mating season, and a pretty scene of a deer family together in the woods too.

The Red Deer

‘Crowns of the House of Habsburg’ series 0.5oz Gold Proof 100 Euro Coins

Celebrating Austria’s illustrious history and its historical status as the centre of the Austro-Hungarian and Holy Roman Empires, the Austrian mint have made a collection of five beautifully ornate crown-themed coins, featuring some of the most famous crowns from these time periods.

The Imperial Crown

Originally the personal crown of Emperor Rudolph II, the Imperial Crown of Austria is possibly the most important and well-known crown to all Austrians.

The Imperial Crown

The Crown of St Wenceslas

King Wenceslas, the Duke of Bohemia, originally owned this crown, and was sainted following his assassination in AD 935. Worn by King Rudolph II, this crown is important because he wore it while overseeing the Imperial court’s movement from Vienna to Prague.

the Crown of ST Wenceslas

The Crown of Holy Roman Empire

Dating from AD 965, the Crown of the Holy Roman Empire was once among the most coveted in Europe, wanted by Henry VIII and Napoleon amongst others.

The Crown of Holy Roman Empire

The Hungarian Crown of St Stephen

An unusual crown with its unique bent cross, the crown of St Stephen the first Christian Hungarian ruler, or ‘Latin Crown,’ traditionally belongs to the ruler of Hungary.

The Hungarian Crown of St Stephen

The Archducal Crown of Austria

Unique in that this crown was only used symbolically, and not actually worn in coronations, it was the official ‘hat’ of the Archduke, ruler of the Habsburgs.

The Archducal Crown of Austria

The ‘Vienna Schools of Psychotherapy’ 50 Euro 0.25 oz Proof Gold Coins

One might be forgiven for struggling to see beyond music and history when thinking of Austria, but some of the world’s finest psychiatrical minds are also Austrian!

Sigmund Freud 50 Euro 0.25 oz Proof Gold Coins

Born in Czechia, but a naturalised Austrian, Freud was responsible for some of the world’s more groundbreaking psychoanalytic thought. Father of the often-used terms: ‘Oedipus complex’, ‘super ego’, and ‘libido,’ Freud’s likeness is quite extraordinary, based on a real photograph from 1926. This three coin series was only released in 2017 and so far the coin celebrating Sigmund Freud is available.

Sigmund Freud

‘Celebrated Physicians of Austria’ 50 Euro 10g Proof Gold Coins

Austria also has a long history in the medical world, and this coin series celebrates some famous Austrian doctors who, between them, revolutionised medicine.

Clemens von Pirquet

This coin displays a portrait of Baron Clemens von Pirquet, the founder of the study of allergies.

The global insignia of medicine, the staff of Aesculapius, features on each coin in this medical series.

Clemens von Pirquet

Theodor Billroth

Theodor Billroth is one of Austria’s most famous surgeons who pioneered abdominal surgery, the use of antiseptics in hospitals to reduce infection, and the training of nurses to a high standard.

Theodor Billroth

Ignaz Philipp Semmelweis

Ignaz Philipp Semmelweis was a champion of women’s medicine, and saved countless mother and infant’s lives through his promotion of doctors and medical staff disinfecting their hands when delivering children.

Ignaz Philipp Semmelweis

Gerard van Swieten

Court physician of famed Empress Maria Theresa, Gerard van Swieten was a naturalised Dutchman who founded the world-famous First Vienna School of Medicine, an institution which spawned many great medical minds and techniques.

Gerard van Swieten

Purchasing Austrian Gold Coins From An Authorised Dealer

A big issue is authenticity. While the trained-eye may find spotting fakes relatively easy in some cases, there's always a chance that good counterfeit coins could slip through the net. Places like coin collecting fairs may be useful for networking and seeing many interesting new items, but there's no way of knowing if the people there are selling legitimate coins.

By dealing with a reputable authorised coin and precious metal dealer, you'll have the peace of mind that any Gold coins are authentic, as their reputation depends on this.

By buying in bulk, authorised dealers are often able to offer preferential prices by passing on their savings to you. Smaller businesses, sole traders, or private sellers often don’t have the purchasing power to achieve this.

Aside from feeling secure in the knowledge that coins purchased are authentic, buying from authorised dealers also offers you the ability to get proof of purchase, give coins in part exchange, and, depending on the dealer, refunds should you have a change of heart. It's unlikely that a fellow collector would have the ability to offer this level of security.

Many dealers offer insured on-site storage for your collections too. Although many collectors make other arrangements, such as hiring a bank's safety deposit box, it may suit some to hold their collections safely with a trusted dealer.

Finally, an authorised dealer can offer you expert advice, such as examining and valuing your collection or advising which pieces you can buy next to improve your holdings.

About LPM

Located in the heart of Hong Kong's Central Financial District, LPM is one of Asia’s largest and most trusted Precious Metal Retailers. Now celebrating six years in business LPM understands the needs of Gold & Silver investors. LPM carries a wide range of products including but not limited to popular newly released silver coins, gold bullion, certified coins and the newest and most innovative collectible numismatic issues.

LPM distinguishes itself through:

No Hidden Fees

Precious metals have historically been a popular way to invest in physical hard assets especially during periods of high inflation and financial uncertainty. With the current situation in global financial markets many people are seeking to diversify into physical assets that have stood the test of time - such as gold & silver bullion. While true that you can purchase precious metals at local dealers or banks directly, LPM has made it possible for you to see the best options from around the world with a few clicks of a mouse. Our extensive live inventory is accompanied by industry leading prices, live up to date pricing & transparent buyback prices with no hidden fees or commissions ever.

Competitive pricing

Developing direct distribution agreements with the world’s most trusted national mints means that we can ensure authenticity, quality and reliability of our products. Our wholesale volume & purchasing power allows LPM to pass significant savings to our clients on a wide range of Gold, Silver bullion & certified coins. Our coins come direct from the mint in brand new sealed tubes and our bars also ship fresh from the mint/LBMA accredited refineries.

Reliable

We enjoy a direct professional distributorship with: The Australian Perth Mint, Royal British Mint, The Central Bank of Mexico, Austrian Mint and many of the most trusted mints. As a primary distributor and attributed company, you can take peace of mind knowing that you are dealing with a credible company who values your privacy & security as much as you.

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