What are Austrian Philharmonic coins?
Bullion coins of gold, silver, or platinum produced by the Austrian Mint starting in 1989. Also known as “Vienna Philharmonic” after the orchestra themes featured on either side of the coin. These coins are popular bullion products and can be included in precious metal IRAs.
The coins were first minted in 1989, and according to the World Gold Council, were global best-sellers in 1992, 1995, and 1996. The Philharmonic is minted by the Austrian Mint, located in Vienna. The Philharmonic is are bullion coin generally made of platinum, silver, or gold. The coins were created by Thomas Pesendorfer, the chief engraver of the Austrian Mint. The world-renowned Vienna Philharmonic orchestra was the inspiration for the designs for all the coins. One side of the coin showcases instruments of the Vienna Philharmonic such as the harp, violins, cello, bassoon, and horn. The other side shows the Great Organ of the Golden Hall in Vienna’s concert hall, the Musikverein. The Philharmonic gold bullion coin was also once featured on the side of Austrian Airlines.
To commemorate the 15th anniversary of Europe’s only pure gold bullion, the Austrian Mint issued a 1000 troy ounce Philharmonic gold coin, colloquially called “Big Phil”. 15 of these coins were produced under the guidance of Master of the Mint, Dietmar Spritz. Each one of these coins weighed more than 60 pounds of pure gold and had a face value of 100,000 euros.
Like most bullion coins the value of based on the metal content and the spot price of the specific metal on the market.
See Also…
Back to All Terms