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20 Kreuzers - Franz I
| Issuer | Austrian Empire |
|---|---|
| Year | 1831 |
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| Composition | Log in to see details |
| Weight | 6.68 g |
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| Reverse description | Crowned double-headed Imperial eagle displayed at center, clutching a sword and sceptre in its talons and an orb below, with a shield on the breast bearing the quartered arms of Habsburg, Austria, and Lorraine, encircled by the collar of the Order of the Golden Fleece. The denomination XX KR appears in the exergue below the eagle. The encircling legend, commencing at 1 o'clock, records the emperor's titles as King of Hungary, Bohemia, Lombardy and Venice, Galicia, Lodomeria, and Illyria, with the date 1831 and mint mark incorporated into the reverse field. |
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| Edge | Reeded |
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| Additional information |
Franz I spent the years following the Napoleonic Wars systematically dismantling constitutional promises he had made under duress, and his finance ministry was equally conservative — the 1831 coinage continued a monetary policy focused on rebuilding silver reserves after the catastrophic state bankruptcies of 1811 and 1816, which had wiped out creditors and forced a currency revaluation at one-fifth face value. Recovery was slow and deliberate. The .583 fineness reflects a compromise standard adopted after those crises, lower than the old Convention coinage that had anchored Central European silver trade for decades.