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Austrian 2 groschen coin

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2 groschen
Austria S0.02 1954
1954 coin
General information
Country

Flag of Austria Austria

Value

0.02 schilling

Years

19251994

Measurements and composition
Mass
  • 3.3 g (1925-1938)
  • 0.9 g (1950-1994)
Diameter
  • 19 mm (1925-1938)
  • 18 mm (1950-1994)
Thickness
  • 1.4 mm (1925-1938)
  • 1.6 mm (1950-1994)
Composition
Appearance
Shape

round

Alignment

medallic

Edge

plain

Obverse
Reverse
  • Value (1925-1938)
  • State title, value, year (1950-1994)
v · d · e

The 2 groschen coin is a former circulation piece of the Republic of Austria. It was issued in two types by the Austrian National Bank (German: Oesterreichische Nationalbank) from 1925 to 1994, one under the First Austrian Republic and Federal State of Austria and the other under Allied-occupied Austria and the current Second Republic. Both coins were struck at the Vienna Principal Mint (known as the Austrian Mint from 1989).

The first coin of the denomination, part of the first Austrian schilling, was struck from 1925 to 1938 under the First Austrian Republic and Federal State of Austria. Prior to its eventual demonetization, the piece carried a legal tender face value of 0.02 schilling in its country of origin. For a short period after the Anschluss (1938), the annexation of Austria into Nazi Germany, the coin was valued at about 0.01 Reichsmark.

During the Allied invasion of Germany in World War II (1939–1945), Austria was occupied by American, British, French, and Soviet forces. This occupation lasted until 1955, when Austria was accorded full independence and the current Second Austrian Republic was formed. In 1950, during the Allied occupation, a new 2 groschen piece was introduced under the second Austrian schilling. From then, it was produced in circulation quantities until 1991, and in collectors' sets until 1994. Prior to its demonetization on December 31, 2001, shortly before the introduction of the first euro coins, the piece carried a legal tender face value of 0.02 schilling in its country of origin. It remains exchangeable for 0.0015 at any branch of the Austrian National Bank.

CoinsEdit

Coin of the first schilling (1925–1938)Edit

Austria OS0.02 1925

1925 coin

With the passage of the Schilling Act (German: Schillingrechnungsgesetz) on December 20, 1924, the first Austrian schilling was established, replacing the Austrian krone at a rate of 1 schilling to 10,000 krone. The first series of coins of the new currency, consisting of denominations of 1, 2, and 10 groschen and ½ and 1 schilling, was first struck from 1924 to 1925. These pieces were subsequently followed by the first 5 and 50 groschen and 2, 5, 25, and 100 schilling coins in the late 1920s and early 1930s. The 2 groschen piece, which was struck from 1925 to 1938, was released into circulation on March 1, 1925, and demonetized after the Anschluss in 1938. Its designs, the work of Austrian sculptor Philipp Häusler (1887–1966), are similar to those of the Austrian 200 krone coin, which was introduced in 1924 to ease the transition from the krone to the schilling.

The 2 groschen coin, like the earlier 200 krone piece, is composed of a bronze alloy of 95 percent copper, 4 percent tin, and 1 percent zinc and measures 3.3 grams in mass, 19 millimeters in diameter, and 1.4 millimeters in thickness. It has medallic alignment and a plain edge, and like most coins, is round in shape. The rims of both sides of the piece are raised and undecorated.

A thick cross potent (☩), a national symbol of the First Austrian Republic, is illustrated in the center of the obverse. The German name of Austria, "ÖSTERREICH", is written above, extending clockwise from the coin's lower left to lower right peripheries. Printed in the opposite direction at the bottom of the piece, below the cross, is the Gregorian date of minting. It is separated from the aforementioned text by two small diamonds, one at each side of the obverse.

The face value "2 GROSCHEN" solely appears on the reverse. The numeral "2" is rendered horizontally in thick print in the center of the piece, while the following word is inscribed counterclockwise at the rim below.

According to the Standard Catalog of World Coins, approximately 109,993,000 examples of the coin were manufactured over its 11 years of production. Only business strikes of this particular type are known to exist.

Mintages
Year Mintage
1925 30,292,000
1926 17,137,000
1927 8,722,000
1928 18,758,000
1929 16,184,000
1930 5,709,000
1934 812,000
1935 3,287,000
1936 4,657,000
1937 3,571,000
1938 864,000
Total 109,993,000

Coin of the second schilling (1950–1994)Edit

Austria 2 groschen 1968

1968 proof coin

In 1938, German Chancellor Adolf Hitler (1889–1945; i.o. 1933–1945) declared Anschluss with Austria, thereby annexing the Central European country into Nazi Germany. As part of Germany, Austria was invaded by Allied forces in 1945, during the final months of World War II in Europe. It was subsequently partitioned into four occupation zones administered by France, the Soviet Union, the United Kingdom, and the United States, and was then accorded full independence in 1955.

The Austrian schilling was reintroduced in 1945, during the first year of the Allied occupation. Initially, only banknotes were issued for the new currency, but in 1947 the first coins, denominated at 10 and 50 groschen and 1 and 2 schilling, were introduced. These were subsequently followed by 1, 2, 5, and 20 and 5 and 10 schilling pieces into the late 1940s and 1950s. The 2 groschen coin, introduced on July 15, 1950, was manufactured in circulation quantities until 1991, and for collectors' sets until 1994. It was eventually demonetized on December 31, 2001, shortly before the introduction of the first euro coins.

The 2 groschen piece is composed of an alloy of 98.5 percent aluminum and 1.5 percent magnesium and measures 0.9 grams in mass, 18 millimeters in diameter, and 1.6 millimeters in thickness. It has medallic alignment and a plain edge, and is round in shape. Both of the coin's rims are raised and undecorated.

The obverse, designed by Austrian sculptor Michael Powolny (1871–1954), features the coat of arms, or Bundesadler (Federal Eagle) of the Second Austrian Republic in its center. Such a depiction, which consists of a single-headed eagle crowned with a mural crown, is shown holding a sickle in its dexter talon and a hammer and in its sinister talon. Both talons are shackled with broken chains, symbolizing Austria's liberation from Germany, and the eagle's breast is superimposed by an escutcheon bearing the Austrian tricolor.

The coin's reverse, designed by Austrian artist Benno Rost, displays the face value "2 GROSCHEN" in its center, inside a circular beaded boundary. In this value, the numeral "2" is engraved in significantly larger print than the following word. Printed clockwise from the coin's lower left to lower right peripheries, outside the circular border, is the German state title of the Republic of Austria, "REPUBLIK ÖSTERREICH". The Gregorian date of minting appears in the opposite direction at the bottom of the piece.

The Standard Catalog of World Coins reports that over nearly 45 nonconsecutive years of production, more than 210,364,000 examples of the coin were manufactured, including business strikes, proofs, and special uncirculated pieces. Mintage figures for proofs minted from 1950 to 1966 are not included in the popular catalog. Examples were included in official mint and proof sets by the National Bank of Austria.

Mintages
Year Mintage
1950 21,652,000
1950 Proof Unknown
1951 7,377,000
1951 Proof Unknown
1952 37,851,000
1952 Proof Unknown
1954 46,167,000
1954 Proof Unknown
1957 26,923,000
1957 Proof Unknown
1962 6,692,000
1962 Proof Unknown
1964 173,000
1964 Proof Unknown
1965 14,475,000
1965 Proof Unknown
1966 7,454,000
1966 Proof Unknown
1967 Proof 13,000
1968 1,803,400
1968 Proof 21,600
1969 Proof 57,000
1970 Proof 260,000
1971 Proof 145,000
1972 2,763,000
1972 Proof 132,000
1973 5,883,000
1973 Proof 149,000
1974 1,387,000
1974 Proof 93,000
1975 1,096,000
1975 Proof 52,000
1976 2,755,000
1976 Proof 45,000
1977 1,837,000
1977 Proof 47,000
1978 1,527,000
1978 Proof 44,000
1979 2,434,000
1979 Proof 44,000
1980 1,893,000
1980 Proof 48,000
1981 950,000
1981 Proof 49,000
1982 3,950,000
1982 Proof 50,000
1983 2,665,000
1983 Proof 65,000
1984 500,000
1984 Proof 65,000
1985 1,064,000
1985 Proof 45,000
1986 1,798,000
1986 Proof 42,000
1987 958,000
1987 Proof 42,000
1988 1,061,000
1988 Proof 39,000
1989 950,000
1989 Proof 38,000
1990 Proof 35,000
1991 2,600,000
1991 Proof 27,000
1992 Uncirculated 25,000
1993 Uncirculated 28,000
1994 Uncirculated 25,000
Total > 210,364,000

ReferencesEdit

Template:Austrian schilling

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