Quick Facts About Austria Gold Philharmonics
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.
Gold Philharmonic Design
The Philharmonic coin design was created by Thomas Pesendorfer, the Chief Engraver for the Austria Mint. The design was first used in 1989 for the release of a gold commemorative coin and has remained largely unchanged since the introduction.
- Obverse: The obverse design displays a pipe organ from within the Musikverein, a concert hall in the Innere Stadt borough of Vienna. This concert hall is where the Vienna Philharmonic Orchestra performs. The German words "REPUBLIK ÖSTERREICH" (Republic of Austria) and "1 UNZE GOLD" (1 ounce pure gold) are also minted on the obverse.
- Reverse: The reverse design features an array of orchestral instruments including the harp, violin, cello, flute, bassoon, and French horn. The words "WIENER PHILHARMONIKER" (Vienna Philharmonic) and "GOLD" are also inscribed
- Face Value: €100 (face value)
- Weight: 31.103 grams (1 troy ounce)
- Edge: Smooth
- Metal Composition: 99.99% pure gold (.9999)
- Years Minted: 1989 - Present
Gold Philharmonic Denominations
The Gold Philharmonic coin has been denominated in the Euro currency since 2002 and is also legal tender in Austria. These coins are minted in 1 troy ounce ounce and various fractional sizes that are a perfect store of value and wealth at a low premium. Fractional coins are available at a variety of price points making them suitable to buy on a regular basis.
Gold Phils are also available from dealers in standard fractional denominations that include 1/25 oz, 1/10 oz, 1/4 oz and 1/2 oz.
- 1 oz Gold Philharmonic is the largest of the coins. It has a diameter of 37 mm and a thickness of 2 mm. Prior to 2002 these coins showed the face value as 2,000 Schillings, since then they have face value of 100 euros.
- 1/2 oz Philharmonic is the largest fractional size in this series. These coins are minted to specifications of 28mm in diameter and 1.6mm thick. Older coins will show the face value as 1,000 schillings, while newer ones will display as 50 euros.
- 1/4 oz Philharmonic is in one of the most popular asset classes with fractional gold investors. Premiums on these quarter ounce coins are cheaper than those from other governments. They're 22mm diameter and 1.2mm thickness make them easy to stack in a very small amount of space. The face value of 25 euros or 500 schillings gives them government credibility for weight and purity
- 1/10 oz Philharmonic falls into an asset class that is popular with many investors due to the low price point. Tenth ounce gold coins have an open mintage and are based on the demand from investors. Coins of this size can be bought on a regular schedule with each paycheck as a way to save money. These coins are just 16mm in diameter, which is slightly smaller than a dime.
- 1/25 oz Philharmonic is the smallest of the fractional gold coins available in this series. When compared to other tiny gold coins, the premiums on these coins are often comparable or lower than some others such as the Mexican Dos Pesos or Canadian MapleGram. Even though these coins are just 13mm in diameter, they have a face value of 4 euros with details that are just as sharp and intricate as the full ounce size.
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
Where to buy the cheapest Austria Gold Philharmonics
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