The One Euro coin (€1.00) is a circulating bi-metallic coin made of two alloys: the inner part of cupronickel, and the outer part of nickel brass. Like all other common circulation coins (from 1 cent to €2), the denomination is issued by the separate countries in the Eurozone and is legal tender in all of them, irrespective of which country has issued it. The denomination was introduced in 2002, when Austria retired the Austrian Schilling currency and introduced the Euro.
The coins have a common reverse designed by Luc Luycx in 1999 which showed a map of the European Union; it was changed in 2007 to reflect the enlargement of the Union, and later coins show all of western Europe. Each country has its own national obverse; the Austrian obverse was designed by Josef Kaiser, and features a portrait of Wolfgang Amadeus Mozart - a famous Austrian composer, in reference to the idea of Austria as a "land of music".
Austrian One Euro coins issued in 2003 have now been in circulation for 20 years.
At centre, the obverse of the coin shows the bust of Austrian composer Wolfgang Amadeus Mozart, facing half right; on his shoulder, his signature: Mozart W.
On the right, the value and denomination: 1 EURO, below which the flag of Austria with "heraldic hatching" (thin vertical lines) indicating its colours: red-white-red. Around left, the date of issue: 2003.
In the outer ring, the twelve stars of the European Union (representing the twelve original member states).
||************ 2003 1 EURO
The reverse of the coin shows on the right a representation of a map of the member states of the European Union as of the time the coin was issued.
Behind the map and interrupted by it, six vertical lines connect the twelve stars of Europe - six around above right, and six around below right.
On the left, a large numeral value: 1; on the right, overlaid on the map, the denomination EURO.
The designer's monogram LL (for Luc Luycx) is below right in the rim, below the O in EURO.
|Edge||Milled interrupted, three smooth and three milled segments||Edge Inscription||None
No circulation mintage was planned for the 1 Euro denomination this year. Some coins were struck for the annual mint sets; however, because the Austrian Mint struck more coins that were required for the sets, the remaining 150,000 were released of circulation.