Description
Buy 1 oz silver Philharmonic is a great way to add physical silver in your precious metal portfolio. It is the highest minted and most well known silver bullion coin produced in Europe.
Design of the Silver Philharmonic
The obverse features the Musikverein Golden Hall’s, a concert hall in the Innere Stadt borough of Vienna. This is where the actual Vienna Philharmonic Orchestra performs. The inscription ” REPUBLIK OSTERREICH ” (‘Republic of Austria) surrounds the Great pipe Organ located in the center of the coin surface. The mention ” 1 UNZE FEINSILBER ” (1 ounce pure silver) is also minted in the obverse. The face value 1.50 Euro is located at the bottom of the coin.
The reverse shows the different instruments used in the Philharmonic Orchestra in Vienna. These instruments include the harp, violin, cello, flute, bassoon and french orn. The inscription ” WIENER PHILHARMONIKER ” (Vienna Philharmonic) and ” SILBER ” are engraved at the top of the coin.
The obverse and the reverse design of the coin were realised by Thomas Pesendorfer in 1989.
Why buy 1 oz Silver Philharmonic coin ?
Each year, the Austrian Mint produces a new series of silver Philharmonic bullion coin. With a Face Value of 1.50 Euros, it contains 1 troy ounce (31.1035 grams) of .999 fine silver. The silver Philharmonic has legal tender status in Austria.
The Silver Philharmonic is the most minted and well known silver bullion coin in Europe. This coin is a mass-produced investment product for investors. The Austrian Mint sold 7,773,000 silver philharmonic during the first year of issue (2008). This year represents the lowest mintage figure for in the whole Silver Philharmonic serie. From 2008 to 2012, the Austrian Mint has sold over 54 million units of this coin.
The Silver Philharmonic has a bullion value close to the silver spot price. As a pure silver bullion coin, it is ideal for investment purpose. In fact, this silver coin does not hold any numismatic value. Therefore, buy silver philharmonic coins reduces the likelihood to hold a coin with a potential volatile price. This makes the silver philharmonic a great product for silver investors.
Brief History of the Silver Philharmonic
The Silver Philharmonic was first issued by the Austrian Mint the 1st, February 2008.
It has been considered as the best silver bullion coin in Europe. From 2008 to 2012, the Austrian Mint has sold over 54 million units of this coin. The peak of mintage reached in 2011, when more than 18 millions coins were minted. Therefore, the most come date of the silver Philharmonic is 2011.
The design of this austrian silver coin was intended to be used for a gold commemorative coin (first issued in 1989). Like the gold philharmonic, the design of the silver philharmonic has remained unchanged since its introduction in the bullion market.
Why buy 1 ounce silver coins ?
If you enjoy buying coins for the aim of collecting, silver coins are the best products for you. In fact, some silver bullion coins series have a unique design for each year of issue. Their reverse features national symbol, like the kangaroo for the 1 oz silver kangaroo. Other coins like the Kookaburra or the Chinese Panda have also this feature. You can find amusement by hunting each minting year, and therefore collect all the designs of a specific coin series. In summary, buy silver coins adds enjoyment and collectability to silver bullion investment.
In most cases, choosing between silver coins or bars will be a matter of preferences. It will depend on your investment goals and motives. Usually, the premium on coins is higher. However, most of the silver bullion coins available in the market are now cheaper. This is due to their large quantity of coins produced, because of the high demand for these coins. As a result, silver coins are easier to trade than bars, because of their high market liquidity. These aspects make silver bullion coins a good investment choice.
Finally, some silver coins have additional tax additional benefits. To illustrate, silver Britannia are a good choice for british investors because they are exempt of Capital Gain Tax (CGT). This is due to their legal tender status in UK. Similarly, Silver Eagle can be used in IRA plans for US citizens.
