The Austrian Mint’s origin goes back to the year 1194, when
King Richard I (the Lionheart) paid Duke Leopold V of Austria a ransom to
secure Richard’s freedom after a year of imprisonment. Richard’s men had thrown
Leopold’s banner into a moat over a quarrel and insulted Leopold, who
subsequently captured and imprisoned Richard near Vienna when Richard was
returning to England from the Crusades. Leopold struck coins from the ransom
and, thus, started the Mint.
Throughout the centuries, the Mint had various names with
each associated empire by which it was occupied. The current day Austrian Mint
(then the Mint House) was built in 1835. After the formation of the Republic of
Austria in 1918, the Austrian Mint (then the Vienna Principal Mint) became
Austria’s only mint and remains so today. In 1989, the Mint officially changed
its name to the Austrian Mint and it became a subsidiary of the Austrian Nation
Bank (Many world mints are subsidiaries of their national banks.)
The Austrian Mint is a member of the international minting
elite. It was the first in the world to strike a silver-niobium coin in 2003.
But the Austrian Mint is renowned by numismatists for their performing arts
coinage. The focus of the performing arts coinage is the nearby Vienna Philharmonic
Orchestra and composers and artists born in Austria. We will look at some of
the Mint’s beautiful coins produced in 2016 and the expected releases for 2017
below.
Vienna Philharmonic Bullion Coins
The iconic Vienna Philharmonic gold coin was first
introduced to bullion investors in 1989. It was named after the nearby Vienna
Philharmonic Orchestra, which inspired the designs on both sides. It was so
successful that it was the best selling gold coin in the world in 1992, 1995,
1996, and 2000. Due to it’s success, the Austrian Mint produced a silver
version in 2008. The obverse of the coin depicts the pipe organ in the Viennese
Musikverein’s Golden Hall, home of the Vienna Philharmonic Orchestra. The
reverse of the coin depicts eight characteristic orchestral instruments: four
violins either side of a cello in the foreground and the Viennese horn, the
bassoon, and the harp behind.
Commemorative Coins
Vienna Opera Ball
The year 2016 celebrated the 60th Anniversary of
the reopening of the ball after a 17 year suspension during World War II. The
annual Austrian event takes place in the building of the Vienna State Opera, on
the Thursday preceding Ash Wednesday. It is one of the highlights of the
Viennese carnival season. The obverse of the coin depicts a young woman holding
a red bouquet and a young man kissing her other hand. The Vienna State Opera is
depicted in the background. The reverse of the coin depicts the ball opening
with dance performances by young men and women.
New Year coin 2017 – Waltzing in the New Year
The Mint of Austria has launched its latest “New Year’s” coin that celebrates the 150th anniversary of the first performance of Johann Strauss II’s (Austrian born) masterpiece, “The Blue Danube.” The piece is the first tune of the year to be played on Austrian radio, thus, it is synonymous with the New Year and is the perfect theme for the Mint’s New Year coin.
175th Anniversary of the Vienna Philharmonic
In January 2017, the Austrian Mint will be releasing the 175th Anniversary of the Vienna Philharmonic silver coin. It celebrates the first ever performance of the Vienna Philharmonic Orchestra, on March 28, 1842. The obverse of the coin depicts the orchestra’s three founding fathers: August Schmidt, Otto Nicolai, and Alfred Julius Becher. The reverse depicts a detail from Max Oppenheimer’s massive triptych, titled “Die Philharmoniker”, which hangs in the Belvedere museum in Vienna.
Part II will be posted next week. Stay tuned!
- OLP