Two Popular Types of Austrian Gold Coins To Collect For Fun And Profit

Investing in gold has become a popular activity recently, for several reasons. First, as the economy has become less stable, many people view investing in gold as a safer bet than investing in the stock market, or even keeping their money in banks. Second, many people view gold investment as a way to hedge against the possibility of inflation affecting their wealth.

Lastly, some people like the idea of keeping at least a portion of their wealth in tangible form, where they can see it and touch it. In uncertain fiscal times, this is both comforting and practical.

For whatever reason you choose to invest in gold, you should consider investing in Austrian gold coins. There are several advantages to choosing these as your gold investment vehicle of choice, including their relatively small markup over gold value (only four to percent in most cases).

If you do invest in Austrian gold coins, here is more information about two of the major types of coins that you might choose to purchase.

Austrian Gold Ducats

In 1612, Austria issued the first gold Ducats, and soon after they became the standard coin of trade and business all over Europe. One side of the recent iterations of the Ducat depicts Emporer Franz Josef (widely referred to as Europe’s last great emporer) and the flip side shows an Austrian Coat of Arms accompanied by a two-headed eagle. The term “Ducat” comes from the word “ducatus” – a nod to the duchy of Venice.

The Ducat is obviously not used for everyday trade anymore, but the Vienna Mint does still strike them, and applies the date of 1915 (soon after the death of Emporer Franz Josef). The Austrian Ducat is composed of 98% pure gold and is mainly produced to serve as bullion for gold investors, or to add to the collections of committed enthusiasts.

Austrian Gold Coronas

The period of 1908 to 1914 saw the beginnings of the Austrian Corona, as that was the period in which they were first minted. Far from starting life as an esoteric collector’s item, the Corona served as the standard unit of monetary trade and currency during this period.

The corona initially cam in two sizes. There was a 100 Corona gold coin that was composed of one single ounce of gold. There was also a 20 Corona gold coin that was 1/5 the size of the 100 Corona piece. Both of these coins were made from 98 % pure gold and have a 21.6 karat purity.

The Corona is no longer struck for commercial purposes, much like the Ducat, but is the province of investors and collectors.

In conclusion, whether you choose to invest in Ducats or Coronas, owning original Austrian gold coins means that you own a little piece of European history. It is exciting to think that a coin that you can hold in your hand is the same coin that people bought goods and services with hundreds of years ago.

In addition, for the more practical minded investor, Coronas and Ducats are well-known for being an affordable investment, particularly for new investors who are just getting started. Their compact size and relatively small price make them a good entry vehicle into either the gold investment world, or the coin collection world.

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