Read an editorial over the weekend that suggested all the talk of Greece leaving the Euro was misplaced. If the Greeks leave or are forced out, it will only be a matter of time before Spain, Ireland, Portugal and perhaps even Italy get dumped as well. A far better solution would be for all these countries to remain in the Euro zone, including Greece, and instead have Germany leave. They're the ones insisting on a strong currency which is strangling the rest of Europe. Were the Germans to leave, the Euro would instantly drop below a dollar, and the resulting increase in competitiveness for these countries would bail them out. As for German exports to the rest of Europe being decimated, well, that would be their problem not the rest of the worlds. In principle I pretty much agree with the analysis. The effect on gold prices? Who knows. Might actually knock it down 4 or 5 hundred dollars an ounce, which from a central bankers vantage point would be a huge victory.
As far as euro designs go, I don't like the ultra-modern coins in general, and even before the euro some countries were going that route (Belgium, for example). I didn't have a problem with the euro until the house of cards started crashing down. Now the problems with a currency that spans dozens of countries are clear, though. You're in a situation where citizens of countries that acted responsibly are expected to bail out countries that did not. That goes against human nature and I don't see how it can work. If I was a German taxpayer, I wouldn't want to pay to help out the Greeks and Italians and Spanish. Even in the U.S., which is much more united than the European nations, I couldn't see one state bailing out another one. The citizens wouldn't stand for it. I don't mean to derail this thread on the lovely Austrian coins though.
That is precisely what I was wondering about. Sure, if one is against the euro for political reasons, there is nothing wrong with saying so. Happens in the euro area too, of course. What I find so odd that a topic about Austrian coins is all of a sudden turned into a "fundamental" debate by people making such what-a-shame comments. For example, if you say you dislike this or that Austrian (or Dutch or German etc.) euro coin because you find the design too modern, I may again disagree, hehe. But it would be about the coin, not the general currency concept. Christian
Actually, the two are insepperable since the Euro has a common reverse, -the design by default is half common currency, so its impossible to discuss the artistic merits of any Eurozone coin without dragging in the whole concept of a unified currency and its somewhat negative (my opinion) impact on the coin designs of the region.
Seems you are familiar with the circulation coins (and maybe the commemorative €2 coins) but don't know euro collector coins. Not that you have to - heck, there is a lot that I do not know about US coinage - but if you did, you would not have written that. Euro collector coins are legal tender in the issuing member state only, and have to be different from the circ/comm coins in terms of face value and a few other specifications. Ask Ruben (mrbrklyn) about the Manhattan and Archaeopteryx pieces for example ... As for the circulation coins being uniform, see it the other way: For each denomination (recent quarters excepted) you have basically one design at a time while we have 20. Christian
Quite correct, I don't collect anything denominated Euro. I have paid some attention to modern commemoratives there, the Austrians do seem to have a pretty nice selection of coins that have been issued over the past few years. My friend in Switzerland tells me, however, that most of the Austrian commemoratives can be purchased at any Austrian post office for face value, and that paying any kind of premium at all for them is a waste. This was back when silver prices were such that the face value exceeded the value of the silver in these Austrian coins.
Allow me to sneak this 1665 Hungary Leopold coin into this thread. It is kind-of sort-of Austria isn't it?
When I bought the coin it was already in the slab. The slab may be labeled in error. In 1665 a Taler was equal to 60 Kreuzers. My coin states 15 on the reverse. I suspect that 15 Kreuzers would be 1/4 Taler and the slab states 1/2 Taler.
You are correct, I had asked Zohar last year and indeed its a quarter taler. My leopold I's are in the link below. http://www.forumancientcoins.com/gallery/thumbnails.php?album=3304