Introduction
This article talks about the Austrian philharmonic coin, history, the design, and where is the Austrian philharmonic minted? The Austrian Philharmonic is one of the most recognizable bullion coins in the world. Austrian silver and gold bullion is collected and loved by many throughout the world. As a shorthand, the name is often shortened to “The Philharmonic”. The Philharmonic is currently the only European bullion coin with a value in euros. Austria is the only country where it is considered legal tender.
Austrian Philharmonic Coin
The silver version of the coin is one of the top-selling bullion coins in the world. Just like any other bullion coin, the value is based primarily on the metal content. This is determined by the global spot price of gold and silver. The gold Philharmonic has a fineness of .9999% pure gold.
The gold version can be shipped to some countries in the EU without the Value Added Tax being applied. The Silver Philharmonic is subject to a reduced VAT rate. The number of coins minted each year is based on the expected demand for the coming year. This means production can vary from year to year.
Austrian Philharmonic History
The Gold philharmonic was first introduced to the world in 1989. It was a one-troy ounce gold coin that had a face value of 2,000 Austrian schillings. In 2002, the European Union adopted the Euro causing the value of the one-ounce gold coin to change to 100 euros. Then In 2008, the Mint started to produce a one-ounce silver version (0.999% purity) with a value of 1.50 euros. Since then, both the gold and silver versions have become truly respected and collected by people throughout the world.
Philhamonic Design
Where does the coin get its name from? The coin gets its name from the Vienna Philharmonic Orchestra. The orchestra was the inspiration for both sides of the design. The obverse features the pipe organ from Golden Hall in the Musikverein. Musikverein is a famous concert hall in Vienna. The reverse design features an array of musical instruments including a harp, violins, a cello, a bassoon, and a Vienna horn.
Where is the Austrian Philharmonic Minted?
The Austrian Mint is located in Vienna. It is responsible for the minting of Austrian silver and gold bullion. The mint is also known for the creation of the coins used in Austria. Throughout Austria’s history, there were multiple different mints that fulfilled the country’s need for coins before it became the single Mint located in Vienna. Then the Austrian mint changed its name in 1989 to Münze Österreich as it became part of the Oesterreichische Nationalbank.
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