Silver Ounce 2019 Wiener Neustadt, Coin from Austria - detailed information

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.

The Mint says about this coin:
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, which was partly used to build the stronghold of Wiener Neustadt - the theme of the second coin in this very special series.

Unlike most other towns, Wiener Neustadt did not develop gradually over time, but was founded and constructed for strategic reasons on barren land at the easternmost tip of the Austrian Alps, south of Vienna. A fortified town, it was designed to help secure the duchies of Austria and Styria from the Kingdom of Hungary.