Vienna Philharmonic gold coin

The Vienna Philharmonic gold coin is extremely popular in Europe and has had great success since it was put on the market in 1989. According to the World Gold Council, it was the most sold investment gold coin in 1992, 1995 and 1996. The Philharmonic may be used to diversify portfolios or even make for most of one’s wealth, playing a role of safe haven in times of crisis.

The Vienna Philharmonic, though Recent, is Sought after

Even though Vienna Philharmonic gold coins only date to the last quarter of the 20th century, the history of the institution that created them goes way back. The Austrian Mint has existed, in fact, since the 17th century. Located in Vienna, Austria’s capital, it is managed by the country’s national bank.

Even though it is a late comer on the market for investment gold coins, the Philharmonic is a fierce rival for its competitors, such as the Canadian Maple Leaf, the English Britannia, the American Eagle and the South African Krugerrand.

Obverse and Reverse of the Vienna Philharmonic

Intertwined on the reverse of the gold coin are a harp, a bassoon, a horn, four violins and a cello. Atop those instruments is engraved the German name of the famous Austrian orchestra, the “Wiener Philharmoniker”. On the obverse is a representation of the “Musikverein”, emblematic venue where the orchestra performs. Under said presentation are the coin’s face value, its fineness, date of issue and weight. On top is the name “Republik Osterreich”. From a purely graphic perspective, the Philharmonic is quite attractive, according to connoisseurs.
The Vienna Philharmonic coin is struck with 24-carat gold, thus it has a degree of purity reaching 999.9/1,000, like gold in its natural state. Thus there is neither any copper nor silver in its composition; this is what gives it its very brilliant colour, but it also makes it very fragile as well. The coin does not resist well to shocks and scratches easily. If it’s the case, it will lose some of its value. Its price will equate with the amount of gold it contains but will fetch no premium.

This fragility might constitute a handicap for certain investors, but it is normal in the world of investment gold coins. So, naturally, their place is in a bank vault or with a precious metals storage company. Few people would take the risk of storing their gold at home, especially when the amount of gold is important.

An Easily Tradable Investment Gold Coin

Like the Canadian Maple Leaf and American Gold Eagle coins, the Vienna Philharmonic coins can be easily traded for cash, in any country whatsoever. They are thus very “liquid” and tradable. More than 8 million Philharmonics have already been sold around the world, which represents over 175 tonnes of gold. Asian countries are amongst the most loyal customers of the Austrian Mint, and notably Japan. Just like the other investment coins, the Philharmonic profits from the renewed interest in gold, due among other things to the lack of vision of the global economy, either on the mid-term or the long term. And this renewed interest is far from fading, with all the uncertainty about the main world economies.

Gold is synonym with security. It is a safe haven in hard times. By facilitating access to the yellow metal with relatively accessible gold coins, the Philharmonic gold coins contribute to the protection of investors’ wealth.

Obverse: classical instruments centered by a cello, flanked by four violins, a Vienna horn, a bassoon, and a harp.
Reverse: The Great Organ of the Golden Hall in Vienna’s concert hall,
Weight: 31.1035gr
Fine weight: 1 ounce (31.1035gr)
Fineness: .9999/1,000
Legal tender Value: 100 Euros
Diameter: 37mm
Thickness: 2 mm

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Vienna Philharmonic gold coin

Austrian gold coin reverse

This coin is amongst the U.S. Mint’s most recent, dating back only to 2006. It was immediately successful and only two years later the mint issued three more sizes to add to the classic 1oz coin: 1/10oz, 1/4oz and 1/2oz.