Like many other mints, the Austrian Mint (Münze Österreich) issues silver bullion coins in the internationally popular format of one troy ounce (1oz) of silver. The best know of these is the Vienna Philharmonic type, but the mint also issues other designs. The coins are denominated as 1.5 Euros; because they are not in the standard circulating denominations (from 1 Euro Cent to €2), they are legal tender in Austria only and not in the whole Eurozone. Like any bullion coin though, their actual value is based primarily on the metal content and the spot price of that metal on the commodities markets.
This coin is part of a mini series celebrating the 825th anniversary of the Vienna Mint.
The Mint says about it: The three coins celebrating the 825th Anniversary of the Vienna Mint are all linked to the ransom paid to Duke Leopold V of Austria for the release of King Richard the Lionheart of England in 1194. They also all contain one ounce of fine silver, the precious metal used to pay the huge ransom.
Robin Hood, the subject of the third and final coin in the series, is the hero of numerous ballads dating from the late Middle Ages and early modern period. Over the centuries, his portrayal evolved from an outlaw into the righteous character who stole from the rich to give to the poor. It was Sir Walter Scott’s novel Ivanhoe, published in 1820, which forged the classic Robin Hood myth that prevails today. Whether Robin Hood really existed is uncertain. What is clearer, however, is that the taxation imposed on the people of England in order to raise the huge ransom caused violent social unrest in the country, which historians believe led to the origin of the legend of Robin Hood. |