Austrian 1 Groschen obverseObverse

Image: Wikimedia Commons · Josef Hess · Public domain

Austrian 1 Groschen

Austria

1858–1867

Reference data compiled from public catalogs

Estimated Melt Value

$3.53

Based on Silver spot price ($81.42/oz) · 83.3% purity · 1.62g

Updated 1:22 PM

Collector premium not included

Specifications

CountryAustria
Years Minted1858–1867
Composition0.833 silver
Weight1.62 g
Diameter16 mm
ShapeRound
EdgeReeded

Design

Obverse

Bust of Emperor Franz Joseph I facing right.

Reverse

Denomination '1 GROSCHEN' within a wreath, with the date below.

History & Notable Facts

The Austrian 1 Groschen of 1858-1867 was struck as part of the 1857 monetary reform, introducing a decimal system that finally aligned the empire's currencies with Prussian standards. This small silver coin, weighing about 1.62 grams and measuring 17 millimeters across, helped bridge the gap between old and new economies in a fractious realm. Its design featured Emperor Franz Joseph I's portrait on the obverse and the imperial eagle on the reverse, symbols of attempted unity.

Mintage figures vary by year, but records from the Vienna mint are spotty; some were likely destroyed in later conflicts. What we know for sure is that these coins circulated widely in daily trade, from Vienna's coffee houses to rural markets in Bohemia. The silver content, at 0.900 fineness, made them practical for commerce, though their intrinsic value often exceeded face worth.

As for myths, I've heard tales of hidden treasures in old estates, but that's just romantic nonsense. Most ended up in piggy banks or melted down. Collectors might quip it's the empire's most overlooked coin—small change for a vast domain.

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