Gold crown (coin)
Gold crown was the name for the former Austro-Hungarian gold standard currency from 1892 to 1914 (1923). In particular, the term “gold crown” was only applied to the minted gold coins . In practical payment transactions, gold coins were often subject to a secret agio (surcharge), as their frequency in practical money circulation was visibly lower than that of paper money. Banknotes were therefore often referred to as "paper crowns" even before 1915, and until the beginning of the First World War their exchange was only guaranteed by law in the state coffers in Vienna and Budapest, which then - depending on the cash situation - also included silver, nickel silver and could be bronze divorce money. The gold crown currency replaced the former guilder currency based on the silver standard .
From 1892 onwards:
- 1 old guilder ( forint ) = 2 new kroner (corona).
- 1 crown (corona, Hungarian name) = 100 Heller (Fillér)
- 1 gold crown was the equivalent of the gold parity compared to 0.85 to the gold mark .
There were gold coins to the value of 10, 20 and 100 crowns in circulation until 1914.
Before the introduction of the gold crown, the ducat was the predominant gold coin in Austria. Even after the transition to the gold crown, the ducat lived on as a trading coin and is still minted as a bullion coin with the year 1915 - like the 10, 20 and 100 gold crown pieces .
The golden "club coin" of 50 pieces one pound, minted jointly in the German Customs Union from 1857 to 1871 , was also known as the gold crown . However, it does not establish itself as the gold standard currency in Germany and Austria. In Germany, however, the new gold 10-mark pieces were officially called "Krone" from 1871 to 1914.
literature
- Günter Graichen: The currency symbols of Czechoslovakia . transpress VEB publishing house for transport, Berlin 1983
- Rudolf Hilferding : Finance Capital . Verlag JHW Dietz Successor, Berlin 1947 (unchanged reprint from 1910)