Kremnitz Mint struck Hungary Gold Korona from 1892 to 1914. It was issued in limited numbers and this explains its scarcity in the world of gold coins today. Hungary Gold Korona became Austria’s first gold currency. It is known to be the one of the hardest gold coins. The coin is greatly sought by gold collectors who are interested in its unique history as well as investors who have an interest in trading gold.
The Hungary Gold Korona is found denominations of 10, 20, and 100 Korona. The 10 and 20 Korona denominations were the first ones to be issued and, in the process, replaced the Gulden. Later on during Emperor Franz Joseph’s diamond jubilee, the 100 Korana coins were issued. The 10 and 20 Korona denomination weighs 3.3875g and 6.775g respectively with a width of 19mm and 21mm in the same order. They also have a 1.9mm and 1.5mm thickness respectively. On the other hand, the 100 Korona coin spans 37.2mm wide, 30.49 weight with a thickness of 2.2mm. The intrinsic value of this coin is more than the face value. The actual price is determined by the world gold spot together with the premiums associated with it such as its unique history. The price is susceptible to changes with changes in gold demand. It is a great metal for investors due to their high returns.
The obverse of Hungary Gold Korona depicts a standing image of Franc Joseph I who was the Emperor of Austria and King of Hungary between 1848 to 1916. His name and title are inscribed on the wreath of this obverse side. Beneath the depiction, the year of mintage is indicated. The reverse features a crowned shield with angel supporters. The inscription “KINGDOM OF HUNGARY” encircles this shield and alongside it, the face value is indicated.
Kremnitz Mint dates back to 1328 and is one of the most popular mints on the planet. It is best known for minting the hardest currency in Europe. Its operations became limited towards the end of 19th century and eventually ceased production of gold coins during World War I.