Gold coins have always been one of the top choices for those who invest in physical gold bullion. There are a number of different types of gold coins to choose from allowing you to get exactly what you want to augment your collection or investment portfolio. When you’re looking for a popular or interesting gold coin, the Austrian Gold Philharmonic usually comes into the conversation.
These coins are popular for their high gold content of 24 karats which is among the highest purities available for gold coins. Each coin is made of 99.99 percent 24 karat gold and comes in at a weight of 1 troy ounce. They come packaged in individual plastic sleeves and bubble wrap, and can even be purchased in their original mint packaging with 10-coin tubes.
The Austrian Gold Philharmonic coins are produced at the Austrian Mint which is located in Vienna, Austria. The national Austrian Mint is well-known for its beautiful designs and innovative currency. In fact, it has been minting coins for over 800 years, making it one of the oldest government run minting institutions in the entire world. The Gold Austrian Philharmonic coin was designed as a commemoration of the Viennese Philharmonic orchestra which calls Austria its home.
In fact, partly due to the quality of the coin, it's one the only types of gold tender in Europe that is still produced and created on a large scale. On top of that, it's regularly issued as Euro denominations, which is uncommon for bullion coins.
The first of the Austrian Gold Philharmonics coin was minted in 1989. Since then it has become a staple for collectors, investors. While it has been continually minted on a yearly basis for over 20 years now, the design has remained the same since its introduction. As the Viennese Philharmonic orchestra is considered by many in the music industry as one of the finest in the world, it is no wonder why the mint chose to commemorate them on this fine gold coin.
Originally the coin circulated in Austrian Schilling denominations between the years of 1989-2001. From 2002-current, the coins are minted as euros. This difference in and of itself makes them an interesting addition to any collection. According to the World Gold Council, these bullion coins were the most popular and best-selling gold coins around the world in 1992, 1995, and 1996. Today, they remain wildly popular with mintage numbers to prove it.
The design of the Austrian Gold Philharmonics coin has stayed consistent over the years. The obverse shows the name of the Austria Philharmonics in German. It also offers a beautiful image of multiple different instruments used in the orchestra, from violins to cellos and more. On the reverse, you’ll see The Great Organ, which is one of the many instruments the orchestra is known for. In addition, you’ll see the weight of the gold, the country the coin was issued in, the purity of the coin, and the face value.
The popularity of this coin comes from its universal appeal. Not only has it set records with its sales, it makes a great addition to any collection with its unique design. This coin is minted by one of the most famous government operated mints in the world, and the purity adds value to those who are interested in it as an investment.
There have been a number of variations over the years. Originally, these coins were created to have Austrian Schilling denominations. However, since 2002, they have been assigned a legal tender value in Euros. There are currently three different common denominations available. You can get the 100 euro, which is 1 ounce; the 25 euro, which is ¼ ounce; or the 10 euro, which is 1/10 ounce. While there are many size options available, the most common tends to be the 1 ounce coin.
In 2004, there was a special minting of the Austrian Gold Philharmonic coin. This was to commemorate the 15th anniversary of the coin, and it was a huge 1,000 troy ounce coin. To collectors and investors alike, this was known as the “Big Phil,” and there were only 15 of these ever produced. On top of the gold used for these coins, which amounted to about 68 pounds each, the coins all had a face value of 100,000 euros.
Depending on the year of minting you're interested in, these coins are normally readily available. Because of their popularity, they're produced in large quantities, with rare exceptions. Those who are interested in older coins – the ones that contained the Schilling denominations – are going to have to look a little harder. Luckily, the popularity of these coins hasn’t reduced the collectability or the investment opportunities the coins offer.
Adding the Austrian Gold Philharmonic coin to your collection or investment portfolio allows you to expand your worldly trade. No matter what year mint you get, you’re getting a beautiful item. JM Bullion offers current year one troy ounce coins in new condition and provides free shipping on all orders over $99 with insurance included on each package.