Description
Buy Vienna Philharmonic gold coin online with GerrardsBullion and extend your bullion coin portfolio. This Austrian gold bullion coin contains one ounce of 999.9 fine gold. Moreover, it is the only European bullion coin with a flat shape.
GerrardsBullion offer a wide range of 1 ounce gold bullion coins at low premium.
The Vienna Philharmonic is also available in Silver.
Design of the Vienna Philharmonic Gold Coin
The obverse features the main instruments of the Vienna Philharmonic orchestra, such as the horn, basson, harp, four violins and a cello.
The reverse depicts the pipe organ in the Vienna Musikverein’s Golden Hall (Musikverei). The year of issue, weight, fineness and the face value 100 Euros surround the picture of the organ.
Why buy Austrian Philharmonic gold coins ?
The Austrian Philharmonic is one of the most successful gold bullion coin issued in the European Union Since 1989. The Austrian Mint issued for circulation worldwide more gold coins than any other mint in Europe. In 1992, 1995 and 1996, the Vienna Philharmonic was the world’s best selling gold bullion coin. Its high success in the international market makes it a an item with a solid investment value.
Highest purity : The Vienna Philharmonic coins is the only 24 carats (999.9 fine gold) gold bullion coin from Europe, bought and sold with the lower premium above the gold price.
Throughout most of Europe, this gold bullion coin is VAT free, and production varies annually depending on demand. The Austrian Philharmonic gold coin is legal tender in Austria, according to the Currency Act 1988. Buy Vienna Philharmonic gold coin is an excellent choice for European investors, mostly because of its high liquidity in Europe.
History of the Gold Philharmonic
The Austrian Philharmonic is one of the oldest mint in Europe and the world. Founded in 1194, the mint was manufacturer of gold coins since sin 1300s, as well as producer of gold blanks and coins for other countries. The first Austrian gold coin (Goldgulden) believed to have been minted in the reign of Duke Albert II (1330-1358). Now wholly owned by the Austrian National Bank (Oesterreichischen Nationalbank), the mint celebrated in 1994 800 year of the minting of coins in Vienna.
Introduced in 1989 with a face value of 2,000 Austrian Schillings, the gold Philharmonic has a 999.9 fineness (24 carat), it is one of the worlds most popular and known bullion coin. Initially available in two sizes, 1oz and 1/4oz, by 1990 it was the best selling bullion coin in Europe and second in the world. In 1991 and 1994, the sizes were expanded to include 1/10 oz and 1/2 oz. Since the 1st January, 2002, the face value has been denominated in Euros.
The Austrian Philharmonic grew quickly in popularity and became in 1990 the best selling bullion coin in Europe and the second best selling coin in the world the same year. The Austrian Mint produce coins according to demand, therefore production varies from year to year accordingly. However, design on the coin remains the same each year.
Why buy 1 oz gold coins ?
One ounce gold coins are popular in the gold bullion market. They are a great way to split your precious metal holdings in smaller fractions. In fact, a large gold bar is not always the best option. Even if you will pay less per gram with gold bars, a large gold bar will restrict the fungibility of your investment. Buying 1 ounce gold bullion coins make your investment more divisible and liquid. In fact, you can trade few gold coins when you need cash, instead of selling a whole bar at once. On the other hand, a large gold bar will be more difficult to convert into cash. Therefore, it is worth paying a slightly higher premium above the gold spot spot price.
