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The Gold Philharmonic coin is produced annually by the Austrian Mint. First minted in 1989, the Philharmonic Gold coin has become the most popular European gold bullion coin. It is legal tender in Austria and is the first bullion coin to carry a face value in Euros.
The Austrian Gold Philharmonic is one of the most affordable gold bullion coins produced by a sovereign government. They do not have numismatic premium value. Philharmonics can often be bought for a only a slight premium over gold spot price.
The Austrian Gold Philharmonic coin was designed by Thomas Pesendorfer. The design was first used by the Austrian Mint in 1989 for the release of a gold commemorative coin. The design has remained largely unchanged since the introduction.
The Gold Philharmonic coin has been denominated in the Euro currency since 2002 and is also legal tender in Austria.
These Philharmonic come in various fractional and full ounce size denominations that are a perfect store of value and wealth at a low premium at a variety of price points suitable to buy on a regular basis.
Gold Phils are also available from dealers various industry standard fractional denominations including 1/25 oz, 1/10 oz, 1/4 oz and 1/2 oz.
The Austria Philharmonic Gold Coins are an excellent store of wealth. Coins minted prior to 2002 were denominated in Schillings, while those minted since are denominated in Euros. Although they are legal tender in Austria, they are not recognized as legal tender in other EU countries. Some states, such as Connecticut, Indiana, Illinois offer sales tax exemptions on legal tender coins which helps reduce premiums event more.
Buying Gold Philharmonic coins is a great way to add intrinsic value to your savings. A self direct gold savings account that includes Austrian Gold Phils offers an excellent way to set money aside for a rainy day. As inflation continues to take away purchasing power, gold coins provide a safe and reliable way to keep your money safe for when tough times come.
Random Year gold philharmonics are typically the cheapest government minted gold coin that you can buy