Austrian 10 Corona Gold Coin Austrian 10 Corona Gold Coin
When the Latin Monetary Union was formed in 1865, the gold Franc was chosen as the reserve currency due to its easy convertibility from gold to Silver. Member nations would convert their currency using the specifications of the French gold Franc. The Austrian Empire rejected the idea of bimetalism, choosing the gold standard instead for their currency.
With the adoption of the gold standard, the gold Corona was born. The coin was issued in 1892 until 1916 in three denominations, the 10, 20, and the 100. Due to its popularity, re-strikes of the gold Corona were issued with the date 1912 commemorating the the longest reigning Emperor in Europe.
The obverse features the last effigy of emperor Franz Joseph with his epic mustache and beard in intricate detail. The reverse side of the coin has the Austrian Coat of Arms over the iconic double-headed eagle. At the top is ‘X Coronae’ and the year of issue in Roman numerals.
The featured 1912 Austrian 10 Corona gold coin is in absolutely remarkable condition. It arrives encapsulated and housed in a new Gaurdhouse display case.
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