100 CORONA AUSTRIAN GOLD COIN

The Austria 100 Corona was one of the earliest coins marketed to individual gold bullion buyers as demand for owning gold accelerated through the 1960’s. At the time, it was still illegal for Americans to own gold bullion. However, gold coins with collectible interest (as defined by the government to be coins dated before 1933) were legal to own. The Austrian Government took advantage of this loophole and re-struck the Austria 100 Corona with a 1915 date (1908 on the Hungarian version) making them legal to import into the United States. The 100 Corona enjoyed great popularity throughout the 1970’s gold bull market; though lost share particularly to the South Africa Krugerrand after 1974 when the U.S. removed restrictions on private ownership of gold.