Austria 1 Ducat
A Small, Low Premium Gold Coin with Ancient Roots
The Ducat became a popular World trade coin under the use of the Venetians, who first introduced the denomination in the late 13th Century. As Venice gained popularity as a Medieval World trade center, the Ducat became one of the World’s most important and widely accepted gold coins. Many countries issued Ducats with the same standards as the Venetian ones. The standard for all modern Ducats, regardless of the country that issued them is universal: 3.494 grams of gold, 98.6% pure. The Austrian Mint recognized that there was strong demand for gold in the 1950’s and issued restrikes of their 1915 dated one Ducat coin to sell to gold bullion buyers that wanted a small sized gold coin. The 1915 date took advantage of a U.S. Government loophole that allowed collectors to legally own gold coins dated before 1933.
For their size, Austria One Ducats are attractively priced. They sell at a premium slightly over 8%. Most coins in the tenth ounce size range sell for more than 10% over their gold value.
If you are interested in purchasing Austria 1 Ducats, please call one of our traders at 800-527-2375 for up to the minute pricing information. For price indications, refer to our Daily Quotes Price Page.
Austria One Ducat Specifications:
Size: 0.1107 Ounces
Denomination: 1 Ducat
Gross Weight: 3.494 grams, 0.1123 oz. Troy
Actual Gold Weight: 3.445 grams, 0.1107 oz. Troy
Fineness/Composition: .986 Gold, 23.67 Karat
Diameter: 20.00 MM, 0.787 Inches
Thickness: 0.8 MM, .031 Inches
Specific Gravity: 19.10 Approx