For almost 800 years, the Austrian Mint, Muenze Oesterreich, has produced great products. The Philharmonic coins are the crowning glory in the series. Investors have always appreciated the Vienna philharmonic gold coin. It dominated global sales in 1992, 1995, and 1996. Only a few gold bullion coins can compete with the Austrian Philharmonic Gold Coin. Muenze Oesterreich issued 756,200 troy ounces (23.52 tonnes) of Philharmonic gold coins in 2015 alone. This makes it one of the world’s most popular gold coin collections. It has outperformed the Canadian Maple and American Eagle collections during its peak period.
About Austrian Mint
King Richard I of England, imprisoned in Vienna, paid Duke Leopold IV 15 metric tons of silver in compensation for his release in 1194. The Austrian Mint was established by Leopold using the wealth he took, yet, it wasn’t documented in historical records for more than 200 years.
The Mint relocated numerous times, most notably to the Winter Palace of Prince Eugène de Savoie, before settling in Heumarkt in the heart of Vienna in the nineteenth century, where coins are still minted today. The Vienna Mint was declared the only Mint in Austria when the Republic of Austria was founded in 1919. However, the Mint formally changed its name to Austrian Mint in 1989, when it became a public subsidiary of the Austrian National Bank.
The Austrian Mint uses the most cutting-edge refining techniques. The Mint is also a state-owned entity, which ensures the high standard of the products. This refiner sells gold and silver bullion in sizes ranging from one gram to one kilogram. Annual coin production at the Austrian Mint is close to 450 million. It is recognized across the world for its attention to detail and workmanship.
Specifications of the standard 1 oz Austrian Philharmonic Gold Coin
A high-purple coin, such as the Philharmonic’s 24 Carat pure gold, is easily susceptible to scratches. Handling this coin takes extra caution. Let’s go right to the technical details of this historic Austrian philharmonic gold coin.
- Gold weight: 1 troy ounce
- The purity of gold is 99.99% (24 carats)
- 31.10 g in weight
- 37.00 mm in diameter, 2.0 mm in thickness
- Face amount: €100
Reasons to buy Austrian philharmonic gold coins
Here are the top reasons to add a philharmonic gold coin to any collection or portfolio-
Liquidity
The Philharmonic series is so popular that it can be found practically anywhere that sells gold. It is universally accepted since it holds a great market share in the bullion industry. This makes it easy for you to sell your investment in the future. In addition, the coins can be easily liquidated, and you can get a great financial backup in time of need!
Backed by the Austrian Government.
The first legal tender gold coin with a face value in Euros, the Austrian philharmonic gold coin enjoys great recognition and acceptability. The coins were featured in Austrian Shillings from their debut till the end of 2001. In the European Union, the 1-ounce Philharmonic coin has had a face value of 100 euros since 2002.
Globally renowned
Its beauty is four times the world’s best-selling gold coin. The coins have been constantly manufactured with the same design for over 30 years. The Philharmonic is available from reputable brokers such as BOLD Precious Metals at low rates.
An investment that tracks the price of gold
With its excellent gold content, this coin is an excellent option for investors looking to invest in gold because the Austrian philharmonic gold coin price rises along with the price of the metal. Furthermore, because of its security and popularization around the world, many people choose to buy the Philharmonic Gold Coin as an investment.
IRS-approved IRA investment
The Philharmonic satisfies the criteria to be a part of an Independent Retirement Account. Therefore, these portfolios, which contain gold bullion investments, are allowed tax benefits.
Obverse and reverse design
The Austrian Philharmonic gold coin represents Austria. This coin features the famed Vienna Philharmonic Orchestra and has a face value of 100 Euros.
The front side of the coin has a group of symphonic instruments designed by renowned Austrian engraver Thomas Pesendorfer (a cello, four violins, a Vienna horn, bassoon, and harp). These instruments, which bear the German inscription WIENER PHILHARMONIKER (“Vienna Philharmonic”), represent the legendary Vienna Philharmonic Orchestra and Austria’s rich musical and cultural heritage.
The reverse side of the coin represents the “Great Organ” in Vienna’s famous “Golden Hall,” where the Vienna Philharmonic Orchestra is traditionally performed. The reverse side also features inscriptions for purity, tender value, country of origin, and weight in ounces.
Conclusion
When you purchase a gold coin from the Philharmonic series, you get solid gold that performs well in the market, is of high purity, and has a lovely aesthetic. With its track record for reliability, you should give this philharmonic gold coin serious attention when making a gold acquisition. To ensure product quality, buying products from a registered distributor is imperative. Choose a trusted internet retailer like BOLD Precious Metals, which can provide affordable, secure shipping.
