Austrian Mint’s Sales to Fall 47% on Lower Prices, Tax
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The Austrian mint’s sales will shrink 47 percent this year on lower prices and a jump in Germany’s tax on silver coins.
Muenze Oesterreich AG, which makes the best-selling gold coin in Europe and Japan, estimates 2014 sales at 1 billion euros ($1.3 billion) from 1.9 billion euros in 2013, according to Gerhard Starsich, president of the Vienna-based mint.