Austria Trade Ducat Gold Coin

Austria gold trade ducat
Austria Trade Ducat (Franz Joseph)

Minted 1915 (restrike of 1872-1914 pattern)
Fineness: .986
Actual Gold Content: .1106 troy ounce

Perhaps the most historically significant and enduring contribution from this period in Austrian history was the founding and proliferation of the Austrian School of Economics. At its heart were two great thinkers well known to gold owners: Ludwig von Mises and Friedrich von Hayek. Aside from being largely pro-gold, the Austrian School of Economics was thought to be a classical liberal, pro- free market economic view, heavily critical of government intervention in the economy.

"The gold standard makes the money's purchasing power independent of the changing ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence." --Ludwig von Mises

"With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people." --Friedrich von Hayek

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