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Austrian Gold Philharmonic Coins - Quick Stats

23 Mar 2019 - Quick Coin Facts

Quick Fact Sheet on the Austrian Philharmonic Gold Coins

The Austrian Philharmonic Gold Coin is the first and only gold bullion currently circulating in European that is denominated in Euros and available for use as current European legal tender. 

Austrian Philharmonic Gold Coins are produced by the Austrian Mint as a way of celebrating Austria’s Unique Musical heritage. The name Philharmonic was taken from the Vienna Philharmonic Orchestra, a musical orchestra based in Vienna, the Austrian Capital. There are many things to this gold bullion, the most important being the coin is produced using 99.99% 24 Karat pure gold which makes it the purest gold bullion available on the globe.

Buy Gold Philharmonics

Quick Facts and Brief History of the Austrian Philharmonic Gold Coins.

Type

The Austrian Philharmonic Gold Coins is a bullion investment coin. The coin's value is primarily based on its gold content. Gold prices on the global market can influence their value.

Mintage

The Vienna Philharmonic was first offered in 1989 when it was minted by the Federal Republic of Austria. Since then, the Austrian Philharmonic Gold Coins have been minted annually by the Austrian Mint. 

Weights and Denominations of the Austrian Philharmonic Gold Coins

Currently, there are 5 denominations of the Austrian Philharmonic Gold Coins available for sale on the market. The denominations are, 1 Oz or 1 troy ounce Vienna Philharmonic Coin with a face value of €100, the ½ Oz or ½ troy ounce Vienna Philharmonic Coin with a face value of €50, the ¼ Oz or ¼ troy ounce Vienna Philharmonic Coin with a face value of €25, the 1/10 Oz or 1/10 troy ounce coin with a face value of € 5, the 1/25 Oz Vienna Philharmonic Coin with a face value of €4.

In 2009, to celebrate the 20th Anniversary of the Austrian Gold Philharmonic Coins, the Austrian Mint created the 20 Oz Vienna Philharmonic Coin that had a face value of €2000. The hurdle in producing the coin was that it cost €14000 per coin to create. The minting of this denomination was discontinued and there are currently 6,027 Vienna Philharmonic 20 Oz Gold Coins available in the world.

Coin Design

Front Design

The Austrian Philharmonic Gold Coin was designed to honor the great Austrian Philharmonic Orchestra. The design of the coin is attributed to Thomas Pesendorfer, an Austrian born, and bred designer. On the front of the bullion investment coin is the Great Organ also referred to as the Musikverein Pipe Organ found in Vienna’s Golden Hall. Below the Musikverein Pipe Organ is the year of issue, the gold content and the coins worth.

Rear Design

The rear design is an engraving of common orchestra instruments which includes a hard, 5 violins, a cello, bassoon, and a Viennese horn. On designing the rear, the designer, Thomas Pesendorfer wanted to clearly depict what the coin represents, music. “Wiener Philharmoniker” are the words inscribed on the top of the coin, the words translate to “Vienna Philharmonic.”

Brief History of the Austrian Philharmonic Gold Coin

The Austrian Philharmonic Gold Coin was minted in 1989. Originally, before the creation of the ¼, 1/10 and 1/25 ounce denominations, the coin was produced in only two denominations - the 1 ounce and the ½ ounce denominations. A year after its creation, in 1990, the Vienna Philharmonic Gold Coin was the bestselling bullion type investment coin throughout Europe and second in the world. In 1995, 1996 and 2000, the Vienna Philharmonic Gold Coin was declared the world's bestselling gold coin by the World Gold Council. 

Philharmonic Gold Coins have existed for more than 30 years, and over 14 million of these coins have been sold.

Why Buy Austrian Philharmonic Gold Coins

The Austrian Philharmonic Gold Coin, apart from being the only bullion type investment denominated in Euros, is also the only regularly minted bullion coin in Europe. Unlike other bullions that have had breaks, the minting of the Austrian Philharmonic Gold Coins has been ongoing. Investors across the globe consider Philharmonic Gold Coins to be one of elegant and well recognised coins available on the market. 

Gold Content

Austrian Philharmonic Gold coins contain 99.99% pure, or 24 Karat Gold. With the exception of the 99.999 fine Canadian Gold Maple Leaf, this is the purest coin available on the market today.

Other Specs of the Vienna Philharmonic Gold Coin

  • The 1 troy ounce denomination of the Austrian Philharmonic Gold Bullion Coin has a 37 mm diameter and a thickness of 2mm. The gross weight of the coin is 1 troy ounce consisting of 99.99% pure 24 karat gold. Its face value currently stands at €100.
  • The ½ troy ounce denomination of the Austrian Philharmonic Gold Bullion Coin has a 28 mm diameter and a thickness of 1.6mm. The gross weight of the coin is ½ troy ounce consisting of 99.99% pure 24 karat gold. Its face value currently stands at €50.
  • The ¼ troy ounce denomination of the Austrian Philharmonic Gold Bullion Coin has a 22 mm diameter and a thickness of 1.2mm. The gross weight of the coin is 1 troy ounce consisting of 99.99% pure 24 karat gold. Its face value currently stands at €25.
  • The 1/10 troy ounce denomination of the Austrian Philharmonic Gold Bullion Coin has a 16 mm diameter and a thickness of 1.14mm. The gross weight of the coin is 1 troy ounce consisting of 99.99% pure 24 karat gold. Its face value currently stands at €10.

The Vienna Philharmonic Gold Coin is a valuable Bullion investment gold coin worth considering when building a precious metals portfolio. 

 

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