Last Updated on March 17, 2024 by Ben
The Austrian Gold 100 Coronas are a classic piece of Austrian history. They are stuck at the historic Austrian Mint which contains nearly one ounce of gold bullion. The quantity of gold bullion in these coins appeals to collectors and investors alike. It is not hard to envision why these striking and historic pieces remain an enduring favorite of the world’s gold coin collecting and investing setting.
Austria 100 Corona
The stately 100 Coronas gold coins are a must-have for any serious coin collector. The original Coronas were made to celebrate Emperor Franz Joseph I of the Austro-Hungarian Empire. He ruled for 60 years, which is a long time. Gold 100 Coronas are therefore an excellent investment vehicle for investors looking to capitalize on the increase of gold prices.
Austrian Gold 100 Coronas Background and History
In the land of Austria, there is a population that more accurately represents what Europe was like in times past. The Hapsburg dynasty has ruled for 700 years and overseen much of Central Europe as overlords are from this country. The emperor illustrated on the back of the Austrian Gold 100 Coronas is often stylized as Austria’s last monarch. He referred to himself as Europe’s last reigning monarch of an old world.
The Austrian Gold Coronas were the first golden currency of Austria. They were introduced in 1892 and are still used today as well. Before their introduction, the empire issued ten corona coins or 20 Corona (or crowns) denominated face value currency. These changed the gulden which had been in use up to this point. In 1908, the Austrian Mint commemorated Emperor Franz Joseph’s diamond jubilee with a gold coin that was no longer minted after 1915.
The Austrian Gold 100 Coronas are a great representation of what makes numismatics so special. They’re not as rare because the mint restrikes many coins, but they have an interesting history and design that make them worth keeping for collectors.
These gold coins are not commanding a premium over the spot price of gold. This has led to the coins being wanted by investors and collectors in the 1970s. They were among the most popular choices for gold bullion in that decade because they served as pre-Krugerrand, pre-Canadian Maple Leaf, and pre-American gold Eagle standards. Many investors and collectors like coins. These people used to use these coins in portfolios.
Austria 100 Corona 1909 to 1915
This is a coin that is made with history, art, and metal. It can be very beautiful.
Why don’t you trust your eyes and take a closer look? This 1915 Austrian 100 corona is not minted in the year of its date, but rather it’s probably been restruck by Austria many years later than that. The Maria Theresa thaler is an example dated 1780 yet could have just been struck last week.
Austrian 100 corona coins with a date of 1915 are bullion coins. That is, they are coins produced so people can easily invest in gold bullion and worth their weight in the precious metal.
If you have a 100 corona coin dated before 1915, it makes for an excellent collector’s item. The value of coins depends on the gold value and the demand from collectors looking to buy them.
Austrian Gold 100 Coronas Physical Characteristics
Coin Design
The coin collecting world refers to the front side of coins as “obverse.” Austrian Gold 100 Coronas contain a striking right-facing image of Emperor Franz Joseph, who was not only ruler over Austria, Bohemia (Czech and Slovak Republics), and Croatia but also King of Hungary. The rim of the obverse pays tribute to Franz Josef, who is Emperor of Austria, King of Hungary, and King of Bohemia, with an inscription allowing for both readings around its edge.
The backside of all coins is called the “reverse” in numismatics. Austrian Gold 100 Coronas are recognized by their imperious double-headed eagle, combining both the scepter and sword in one talon. The other holds a cross-bearing orb known as the globus cruiger.
An inscription on the top rim reads “Corona” to the left of an imperial crown and “100 Cor.” to the right, with the date expressed as another Roman numeral at the bottom left and right, respectively. The bottom center of the back of the coin shows a number that is how old the coin is.
Specifications
This Austrian Gold 100 Coronas has nearly a full ounce of gold (0.9802 ounces). They come in one size and denomination. The Austrian Mint also struck 10 and 20 smaller gold coronas. Their specifications are as follows:
- Mass: 30.49 g
- Diameter: 37 mm
- Thickness: 2.3 mm
- Content: .9802 troy oz.
- Purity: 90.0% gold
Austrian Gold 100 Coronas Pricing
The Austrian Gold 100 Coronas were legal tender in the Austrian Empire until their last year of issue, 1915. The coin’s face value was a considerable sum when it was minted in 1898, but this is no longer meaningful as Austria abandoned its currency long ago.
The intrinsic value of these pieces means that they are still enormously valuable even though. With nearly a full ounce of gold contained inside, these coins trade for over $1,100 apiece. Their intrinsic value varies with the spot price of gold, and as their supply is greater than demand (still considerable), they do not bear much premium over spot prices which vary too.
The intrinsic value of these Austrian Gold 100 Coronas, for their weight in gold bullion, is what determines the coins’ popularity and market price. These market prices equal the value of money in retirement, investment, or collection. This is because, within these types of portfolios, you get the most coins possible.
The premium over spot gold prices on collector coins is minor since they are not rare. Therefore, the actual market value of these coins largely depends on the daily price fluctuations in the global markets for bullion money.
Why Buy 100 Coronas Gold Coins?
The 100 Austrian Coronas gold coin is a popular choice for both collectors and investors alike. It’s guaranteed by the Austrian sovereign government, with its weight being 1.08 troy ounces of pure gold metal which can be sold at large sums in the bullion market.
Modern restrikes are created to the highest industry standards, but commemorative coins still bear their date of 1915, which was used to get around US prohibition on gold ownership before 1975.
Can IRA Accounts Contain Austrian Gold 100 Coronas?
The Internal Revenue Service has a lot of discretion when deciding what gold bullion coins will be allowed in an IRA account.
The self-directed IRA is only permitted to include gold coins that meet a demanding purity and collectability standard set by the IRS. The government requires these IRA’s be opened with an investment of at least $5,000 in gold or other precious metals bullion pieces.
Then, you can always make an additional purchase whenever it suits you for minimally $1,000 in other approved coins. Suppose you currently possess a more traditional form of IRA retirement vehicle and want to exchange them into precious metals with your current company. In that case, they will permit this roll-over process without any fees or penalties.
Austrian Gold 100 Coronas are not eligible to be included in traditional IRAs. They do not meet the gold purity standards that the IRS has set. That means they aren’t worth much, and they don’t have high premiums, so they don’t meet one of the IRS requirements for collectability. If you are hoping to include one of these gorgeous, unique gems in your precious metals IRA account, then you will be disappointed.
However, if they can’t make the cut for an IRS-approved gold purity condition and still do well as a form of investment or retirement portfolio – it’s not all bad! You can buy these common and classical Austrian Gold 100 Coronas from many different stores. You can get them in Europe or around the world.
Conclusion
If you’re looking for a valuable investment, the Austrian Gold 100 Coronas is one of the best choices on the bullion market. One reason that many people purchase this coin is that it has distinct advantages over other coins and bars on the market. It also comes with an attractive design and weight for investors who want to diversify their investments beyond just paper money or stocks.