Austrian Corona Gold Coins

November 19, 2009 – Austrian Corona gold coins were first minted in 1908, and 16,000 of the one-ounce pieces were struck through 1914. Austrian Coronas were restruck in 1916, after the death of then Austrian Emperor Franz Joseph. The obverse of the Austrian 100 Corona features the profile of Joseph, and the reverse displays a crowned, two-headed eagle that is superimposed upon the Austrian Coat of Arms.

The original coins and the restrikes were minted with 21.6-karat gold, and each coin contains 0.9802 ounces of pure gold. These coins are renowned for their relative affordability among gold bullion coins, because Coronas carry a 4-5% markup over the gold spot price.

Many investors have become interested in owning physical gold because our traditional investment avenues have been largely closed to profit-seeker in the last few years. Unlike gold stocks and other speculative gold derivatives, physical gold investments are considered safe-haven assets.

Investors usually prefer to store their gold in their house or in a nearby safety deposit box, because having control of the gold is what matters most. If our economy were to collapse entirely, investors who are holding physical gold would be able to call the shots. Our fiat currency is quickly going out of style, and many economists believe that the dollar could collapse within the next year.

If you were thinking of purchasing Austrian gold Coronas or other gold bullion coins, you may want to browse through our helpful investment tutorial beforehand. Gold bullion could be confiscated by our government if the economy continues to worsen, but there are types of gold that have been deemed non-confiscatable. Give us a call or register for our free gold tutorial today, because it is impossible to tell what our policymakers may do tomorrow. 

Kevin Johnson

Senior Staff Writer – GoldCoin.net