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10 Kreuzers - Franz I
| Issuer | Austrian Empire |
|---|---|
| Year | 1814-1815 |
| Type | Standard circulation coin |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
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|---|---|
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| Reverse description | A crowned double-headed imperial eagle displayed in the centre of the field, bearing on its breast an elaborate quartered shield of arms representing the Habsburg dominions. The eagle holds a sword and sceptre in its talons, with a laurel branch and a palm frond flanking the denomination tablet at the base. The numeral '10' appears in an ornate cartouche at the bottom, and the date is incorporated within the surrounding Latin legend that encircles the entire design. |
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| Edge | Reeded |
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| Additional information |
These pieces were struck in the immediate aftermath of Austria's catastrophic state bankruptcy of 1811, the Staatsbankrott that wiped out roughly 80% of paper currency values overnight. The halved silver fineness — down from the .583 of earlier issues — was a direct consequence of the treasury's depleted bullion reserves, a compromise between maintaining a silver coinage at all and the fiscal reality of a state still financing wars against Napoleon.
The two-year window of this issue closed as the Congress of Vienna convened, after which monetary stabilization efforts shifted the calculus on coinage standards again.