Austrian Mint produces restrikes of the single ducat.
ducats are characterised by their high purity.
ducats are subject to value added tax in Switzerland.
Introduction to the single ducat
Austrian Mint is one of the most important producers of investment
gold. In addition to the world-famous Vienna Philharmonic, it also
produces restrikes of historical coins. These restrikes are
interesting for investors because they are coins that are traded much
closer to the gold price than the historical originals. The restrikes
are produced exactly the same as their historical counterparts.
to Austrian law, only the Austrian Mint is allowed to produce these
restrikes and is obliged to keep the fineness and weight exactly the
same as the genuine old coins. One of these restrikes is the single
ducat. Ducats are gold coins containing 3.44 grammes of fine gold and
were produced in Venice from the Middle Ages onwards. The Austrian
single ducat was introduced in the 16th century.
The appearance of the single ducat
obverse shows the head of the young Emperor Franz-Josef I crowned
with a laurel wreath.
portrait is surrounded by the inscription "FRANC IOS I D G
AVSTRIAE IMPERATOR" which means "Franz Joseph I, by the
Grace of God Emperor of Austria".
double-headed eagle of the Austro-Hungarian Monarchy can be seen on
the reverse. The double-headed eagle bears the imperial crown as well
as the sword and orb.
inscription "LOD ILL REX A A 1915 HVNGAR BOHEM GAL" refers
to the royal titles of Lodomeria, Illyria, Hungary, Bohemia and
the originals bear the respective year of minting above the double
eagle, the restrikes bear the date 1915, the last year of minting.
Historical single ducats
historical single ducats have become very rare. They were mainly not
used for daily payments, but for interstate payments. As a result,
they never came into circulation as much as silver coins. In
addition, many of the coins were lost through wars, unrest and
reparation payments to foreign countries and were melted down. As a
result, the original coins are extremely rare today and their
numismatic value considerably exceeds that of gold.
restrikes of the Austrian Mint are among the few bullion coins that
are not exempt from VAT in Switzerland. Although the coins are
produced by a state-owned mint according to legally defined
standards, since the restrikes were not produced for payment
transactions, they do not fall under the VAT exemption according to
Swiss law. This is in contrast to their siblings, the Vienna
Philharmonic, which have the character of means of payment due to
their struck face value.