Austrian 500 Schilling
Austria
1980–2001
Reference data compiled from public catalogs
Estimated Melt Value
$1,915.69
Based on Gold spot price ($4,799.216/oz) · 90.0% purity · 13.795g
Updated 11:58 AM
Collector premium not included
Specifications
| Country | Austria |
| Years Minted | 1980–2001 |
| Composition | 0.900 gold |
| Weight | 13.795 g |
| Diameter | 28 mm |
| Shape | Round |
| Edge | Reeded |
Design
Obverse
Features the Austrian coat of arms and the inscription 'Republik Österreich'.
Reverse
Depicts various commemorative themes depending on the year, along with the denomination.
History & Notable Facts
The Austrian 500 Schilling gold proof coins were struck from .986 fine gold, a purity level that made them exceptionally resistant to wear, ideal for a currency that collectors hoarded rather than spent.
This series, running from 1980 to 2001, featured designs by skilled Austrian engravers, often depicting historical figures or events like the 1980 Winter Olympics or Beethoven's legacy. Mintage figures vary by year, but exact numbers for some issues remain unclear due to incomplete records from the Austrian Mint. Each coin was produced as a proof, with mirrored fields and frosted reliefs that showcased the artistry without the mass production of bullion versions.
The transition to the Euro in 2002 left these coins as relics of a bygone era, their value now more sentimental than practical. Some years saw designs that were, frankly, a bit too ornate for my taste—overcompensation for the Schilling's impending obsolescence.
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