Austrian Mint


night view of the main building of the Austrian Mint
main building of the Austrian Mint, via Wikimedia Commons.

The Austrian Mint is located in Vienna, the capital of Austria. It is registered as Münze Österreich AG, a public limited company that is a subsidiary of the National Bank of Austria. It produces Austria's circulation coins as well as circulation coins for other countries, commemorative/numismatic coins, precious metal bullion coins, medals and coin blanks for other mints and financial institutions. The Austrian Mint is renowned for producing the Austrian Gold Philharmonic coin, which has remained one of the world's most popular gold bullion coins ever since its introduction in 1989.

Minting Facilities

The Austrian Mint is located in Vienna, Am Heumarkt 1. Contemporary Austrian coins don't contain mint marks. Unlike other mints (such as the Royal Mint in the UK), the Austrian Mint doesn't offer guided tours of its facilities. However, it runs two official mint shops. The first one in Vienna is located Am Heumarkt 1. It is open for business from Monday to Friday from 9 am to 4 pm (Wednesday until 6 pm). The second official Austrian Mint Shop is located in the city of Innsbruck at the Adamgasse 2. It is open from Monday to Friday from 8 am to 1 pm and 1.30 pm to 3 pm (Thursday from 2 pm to 4.30 pm).

Logo of the Austrian Mint
Logo of the Austrian Mint, via Wikimedia Commons.

History

The history of minting in Vienna started in 1194. That was when Duke Leopold VI of Austria decided to strike coins out of the 12 tonnes of silver that he had received as ransom for the release of his prisoner, Richard the Lionheart. However, the Vienna Mint was first mentioned in historical documents in 1397. Its original location was near the Hoher Markt. Later, it relocated to the Wollzeile and then in 1752 to Prince Eugene’s winter palace in the Himmelpfortgasse. Since 1834, the mint is located at its present location am Heumarkt in central Vienna.

The Maria Theresa Taler, perhaps the most famous (and most minted) historic silver coin in the world, was first minted in the year 1780, the year Empress Maria Theresa died. It is still one of the most renowned coins of the Austrian Mint.

The Republic of Austria was founded in 1918 and the mint in Vienna ("Wiener Hauptmünzamt") was the country's sole mint. It changed its name to Austrian Mint ("Münze Österreich") in 1989. That's when it was registered as a public limited company (Münze Österreich AG) that is a subsidiary of the National Bank of Austria.

Popular Gold Bullion Coins

Out of the multitude of precious metal coins (in gold, silver and copper) that the Austrian Mint produces, it is the Austrian Gold Philharmonic coin that stands out as its flagship product. That coin out of 99.99% gold was the world's best-selling gold coin in 1992, 1995 and 1996 and has remained a firm favorite with investors. It is available in denominations of 1 oz (100 Euro face value), 1/2 oz (50 Euro), 1/4 oz (25 Euro), 1/10 oz (10 Euro) and 1/25 oz (4 Euro). The Austrian Mint introduced the Austrian Silver Philharmonic coin (only in 1 oz) that is identical in design in 2008.

The world renowned silver bullion coin "Maria Theresa Taler" (MTT) was first minted by the Austrian Mint in 1780.


Austrian Gold Philharmonics

world bestseller in 1992, 1995, 1996, 2000
in 1 oz, 1/2 oz, 1/4 oz, 1/10 oz, 1/25 oz
99.99% gold

obverse side of the Austrian Gold Philharmonic coin
reverse side of the Austrian Gold Philharmonic coin