| Corona |
The 100 Corona (Crown) is an Austrian gold coin which became popular with investors between 1950 and 1974. The coin, which is 900 fine with gold content of 0.99802 troy ounce, was first struck from 1908-1915 under the Austro-Hungarian empire. It was minted regularly as a non-legal tender ‘restrike’ with a low premium from the 1950s until the mid-1970s, when it was largely replaced by the arrival of bullion coins.
This 100 Corona Austrian
'restrike'
was popular with investors in the
1960's and 1970's (Credit:
courtesy The Australian Mint)
Investors bought the coin not only because the restrikes, all dated 1915, got around regulations in some countries forbidding the purchase of coins. A coin dated 1915 could always be explained as having been in the family for generations. After the arrival of bullion coins, production ceased and it normally trades at very close to the spot price or even at ‘melt’.