The Austrian Gold Schilling coin was first issued as an official currency in Austria from 1925 to 1938 and the eve of World War II and again from 1945 to 1999 before introduction of the Euro. It has a unique history not only on Austrian dwellers but also to the worldwide population. The coin is still a standout precious metal in Austria even after introduction of the Euro. It still plays a significant role in bullion coins.
The Austrian Gold Schilling comes in denominations of 25, 100, 500, and 1000 Schillings. The actual value of this coin is higher than the face value and is susceptible to daily changes. The changes come because of changes in demands and premiums attached to it. Its price is set by the world spot prices. The 1000 Schilling coin weighs 13.5g and has a width of 27mm. Just after, it is the 500 Schilling which spans 7.776g in weight with a width of 24mm. Finally, the 100 and 25 Schilling coins comes in with a width of 33.2mm and 21mm respectively while also weighing 23.5245g and 5.881g respectively.
The obverse of Austrian Gold Schilling the Imperial Eagle of Austria, which is the Coat of Arms of Austria. The eagle features the Austrian shield on its chest. The eagle is holding a hammer in its left claw, which is an indication of Austria’s industry. In the right claw, the bird grips a sickle, which is an indicator of Austria’s agriculture. Just beneath this bird, the face value is inscribed. The reverse features a knight on a horseback. The knight is carrying a pennant and a spear. The year of issue of this coin also appears on the reverse side.
Duke Leopold V of Austria is the founder of Austrian Mint in 1194. It is renowned for its advances in the production of coinage and bullion and is one of Europe’s oldest mints. From 1989, the mint has been a public limited company and a subsidiary of the National Bank of Austria. The Austrian Mint is located in Vienna and is responsible for minting Austrian currency and bullion products.