ObverseImage: 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
| Country | Austria |
| Years Minted | 1858–1867 |
| Composition | 0.833 silver |
| Weight | 1.62 g |
| Diameter | 16 mm |
| Shape | Round |
| Edge | Reeded |
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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