- Euro gold and silver commemorative coins (Austria)
Euro gold and silver commemorative coins are special
euro coinsminted and issued by member states of the Eurozone. They are minted mainly in goldand silver, although other precious metals are also used on rare occasions. Austriawas one of the first twelve countries in the Eurozone to introduce the euro (€), on 1 January 2002. Since then, the Austrian Mint has been minting both normal issues of Austrian euro coins(which are intended for circulation) and commemorative euro coins in gold and silver.
These commemorative coins are
legal tenderonly in Austria, unlike the normal issues of the Austrian euro coins, which are legal tender in every country of the Eurozone. This means that the commemorative coins made of gold and silver cannot be used as money in other countries. Furthermore, as their bullion value generally vastly exceeds their face value, [Precious metals in bulk form are known as "bullion", and are traded on commodity markets. Bullion metals may be cast into ingots, or minted into coins. The defining attribute of bullion is that it is valued by its mass and purity rather than by its face valueas money.] these coins are not intended to be used as means of payment at all—although this remains possible where they are also legal tender. For this reason, they are usually named Collectors' coins.
Such coins usually commemorate the anniversaries of historical events. They can also draw attention to
current eventsof special importance. Austria mints more than ten of these coins on average per year, in gold, silver and niobium, with face values ranging from €1.50 to €100 (though, as an exceptional case, 15 coins with face value €100,000 were minted in 2004).
As of 3 July 2008, eighty variations of Austrian commemorative coins have been minted: eleven in 2002, twelve in 2003, fourteen in 2004, thirteen in 2005, thirteen in 2006, nine in 2007 and eleven so far in 2008. These special high-value commemorative coins are not to be confused with
€2 commemorative coins, which are coins designated for circulation and have legal-tender status in all countries of the Eurozone. [cite web | publisher= European Commission| url=http://ec.europa.eu/economy_finance/the_euro/notes_coins8787_en.htm | title=Different types of euro coins | accessdate=2008-06-24]
The following table shows the number of coins minted per year. In the first section, the coins are grouped by the metal used, while in the second section they are grouped by their face value.
Vienna Philharmonic Coin
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