A Hat fit for a Prince The Crown of an Austrian Archduke

The second 100 Euro coin in the gold series “Crowns of the House of Habsburg” will be released on Wednesday, 4th November. It is dedicated to the so-called “Archduke’s Hat”, a name derived from the red velvet cap within the crown itself.

The title of archduke was invented by Rudolf IV in the spurious document of 1358/59 called the privilegium maius. It was an attempt to assert the status of the House of Habsburg as the equal of any Prince Elector of the Holy Roman Empire. There exists a mediaeval portrait of Rudolf wearing a crown similar to the Archduke’s Hat. Early versions of the crown have not survived, being either broken up or melted down. In 1616, however, Archduke Maximilian III of Tyrol had the present Archduke’s Hat fashioned and he gave it to the Augustinian Abbey of Klosterneuburg just outside Vienna in honour of St. Leopold, whose tomb and shrine are still situated there to this day. The crown was not worn as such. There was no coronation. It was rather a symbol of authority and rank. It was brought into Vienna only for the ceremony of homage paid by the Estates of Lower Austria on the accession of a new Habsburg ruler. Even today the crown is not permitted to be outside the walls of the abbey for more than 30 days at a time.

The Archduke’s Hat is a diadem of eight golden peaks decorated with enamel, pearls and precious stones. Two pearl encrusted arches hold a sapphire mounted by a cross at their intersection. In the crown itself is a red velvet cap and the diadem is embedded in a circle of ermine, copying the hats worn by the Prince Electors. On the accession of a new ruler the crown was brought in procession into Vienna, conveyed in its own sedan chair. Along with other pieces of regalia such as orb and sceptre, it was presented to the new ruler and then carried in solemn procession from the palace to St. Stephen’s Cathedral for High Mass. (more…)

Twenty years ago in 1989 the Austrian State Mint passed from the Treasury into the ownership of the central bank. The mint was given the freedom to produce and sell products in accordance with the demands of the modern numismatic and investment markets. One of the very first innovations introduced by the new CEO, Paul Berger, was the production of a gold bullion coin for investment purposes: the Vienna Philharmonic.

On 16th October this year a limited quantity of 6,027 Vienna Philharmonic coins, each weighing 20 ounces of fine gold, will go on sale in Europe, America and Japan.

20 ounces to commemorate 20 years!

Why the odd number? The mint decided to offer 2009 coins (the date of the 20th anniversary) in its three major markets: in Europe, in America and in Japan. Investors still remember the 15 giant coins (each of 1,000 ounces) that celebrated the fifteenth anniversary in 2004, and that entered the Guinness Book of Records as the then largest gold coin in the world. All 15 giant coins were snapped up within days, and the excitement surrounding this special issue of a 20 ounce coin promises a similar market reaction.

The new 20 ounce coin has a diameter of 74 mm and a thickness of 8.3 mm and is housed in a prestigious wooden and red velvet case. Pre-orders for this unique anniversary gold coin have already started pouring into the mint in Vienna. It promises to be a major success as indeed the past 20 years of the Austrian bullion programme have been.

The Vienna Philharmonic Story

The decision in 1989 to issue a gold bullion coin in the two weights of 1 ounce and ¼ ounce was greeted with indulgent smiles. Austria, a small central European country since the destruction of her empire in 1918 and without any gold mining industry to support, was entering the bullion market, long dominated by the Krugerrand and that time divided between the USA, Canada and Western Australia.
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This year Herbert von Karajan would have celebrated his 100th birthday. He was born on 5th April, 1908, in the city of Salzburg. To commemorate this great Austrian conductor the Austrian Mint in Vienna is issuing a 5 Euro silver coin on 7th May, 2008.

On the occasion of his death in 1989 the New York Times characterised Karajan as “probably the world’s best-known conductor and one of the most powerful figures in classical music.”

As a child he already showed great talent on the piano. He studied at the Salzburg Mozarteum and later at the university and academies in Vienna. His first public performance (as a “trail-conductor”) was in 1929 with the Mozarteum Orchestra in Salzburg. In 1930 he became the conductor and musical director at the City Theatre in Ulm.

During the war Karajan’s membership in the Nazi Party protected his career and his part-Jewish wife, but it proved a hindrance after 1945, despite his acquittal by the Austrian denazification examining board. Nevertheless, he conducted in Milan and in London as well as at the Lucerne Festival. In 1955 he was appointed the music director of the Berlin Philharmonic for life. In Vienna he conducted the world famous Vienna Philharmonic Orchestra and at the Vienna Opera, as well as at the Salzburg Festival, where he also established Easter Festival.

Karajan was recognised worldwide as a masterly conductor. Although he conducted (and recorded) all the great composers, he was especially associated with the performance of the works of Beethoven, all of which he put on record. In 1972 The Council of Europe commissioned him to arrange Beethoven’s “Ode to Joy” from the Ninth Symphony as the European anthem. Karajan was also instrumental in the development of the compact disk, lending his prestige and endorsement to the recording and sale of CDs. (more…)