4 Reasons Why You Should Have Austrian Philharmonic Gold Coins in Your Portfolio
The Austrian Mint, Muenze Oesterreich, has been producing exceptional products for over 800 years, and the Philharmonic coins are the crown jewel in the collection. If you’re thinking of investing in some Austrian gold, here are four reasons to add Philharmonics to your collection or portfolio:
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1.) A popular product from a quality mint
When buying gold, it’s always best to buy from a reputable source with a proven track record of quality products. As one of the largest and most successful mints in Europe, the Austrian Mint has a reputation for quality, craftsmanship and rich tradition. First struck in 1989, the Vienna Philharmonic Gold coin is one of the purest bullion coins in their collection with a gold content of .9999 (24 karats). The high quality of the coins even qualifies them for use in an IRA account.
In 2015 alone, Muenze Oesterreich sold 756,200 troy ounces (23.52 tonnes) worth of Philharmonic gold coins making them one of the most popular gold coins in the world, even rivalling the Canadian Maple and the American Eagle collections.
2.) A variation of sizes with limited mintage
Unlike many other coin collections, the Philharmonic has a great diversity of sizes. The flagship size of the group is the 1 oz Vienna Philharmonic coin, with the remainder comprising ½ oz, ¼ oz, 1/10 oz, 1/25 oz gold and 20 oz gold Philharmonics with weight and purity guaranteed by the Mint. This is one of many reasons for the Philharmonic’s popularity, with the gold coin declared as the best-selling gold coin in the world in 1992, 1995, 1996 and 2000 by the World Gold Council.
In 2004, commemorating the 15th anniversary of Europe’s only pure gold bullion coin, the Austrian Mint, issued the massive 1,000 troy ounce Vienna Philharmonic Gold Coin known as the “Big Phil.” There are only 15 of these giant-coins, each weighing in at more than 30 kilograms of pure .9999 fine gold and carrying a face value of 100,000 Euro.
The Philharmonic collection also available in silver and platinum should you want to expand your collection.
3.) Beautiful design, rich history
Designed by legendary Austrian engraver Thomas Pesendorfer, the obverse side of the coin depicts a collection of orchestral instruments (a cello, four violins, a Vienna horn, bassoon, and harp). Accompanied by the German inscription WIENER PHILHARMONIKER (“Vienna Philharmonic”) these instruments represent the world-renowned Vienna Philharmonic Orchestra and Austria’s rich musical and cultural heritage. The reverse side of the coin features the “Great Organ” located in Vienna’s famous “Golden Hall”, the concert hall where the Vienna Philharmonic Orchestra traditionally performs. The weight in ounces, country of issue, tender value and the purity are also inscribed on the reverse side.
4.) Liquidity
The Philharmonic collection is so popular, it is available almost everywhere that sells gold.
Being the most popular coin in one of the largest markets in the world makes it universally accepted. This is an important factor to consider because one day you might want to sell your investment. Selling the Philharmonic will be easy in any part of the world because it is so well known and trusted.
However, it is essential when buying products from a major global mint that you purchase through a registered distributor who can assure the quality of the product and has an established relationship with the mint. Choose a reputable online merchant that can offer secure shipment for a low cost. Austrian Mint products also ship with excellent packaging with plastic tubes for up to 10 coins and ‘monster boxes’ for up to 500 coins!
