1 oz Austrian Gold Philharmonic Coin - 2015
The 2015 1 oz Austrian Gold Philharmonic Coins are minted by the Austrian Mint. The 1 oz Austrian Gold Philharmonic coin was first introduced in 1989, and in three short years, it became one of the top selling bullion coins in the world. These world famous coins are minted in the heart of Vienna, Austria, and are sought after by collectors and investors alike.
Austrian Mint History
The history of the Austrian Mint dates back to the year 1194, when Richard the Lionheart paid the bounty of 12 tons of silver to Duke Leopold V of Austria, after the Duke imprisoned him near Vienna because of a previous insult. Richard the Lionheart unknowingly laid the foundation for the Austrian Mint. The silver was soon minted by the Duke, who set in motion Vienna's minting history by doing so, a history which is now more than 800 years old. The Austrian Mint is one of the oldest mints in the world.
Finally, 200 years later, the Vienna Mint was recognized in historical documents. The mint had many previous locations before settling in the heart of Vienna in the 19th century. Throughout the mint’s history, there have various minting methods have been used, from 16th century minting hammer, to ring striking, which produces evenly round coins. This technique was used beginning in 1830, and is still being used today. The method can produce up to 750 coins per minute in its modern manifestation.
In 1918, the Vienna Principal Mint was made the country's only mint after the formation of the Republic of Austria. The mint was officially named the Austrian Mint in 1989, and became a subsidiary of the Austrian Central Bank. Perhaps its most recognized coin is the Maria Theresa Taler, which honors the Empress Maria Theresa. The golden Vienna Philharmonic is also recognized worldwide and has played a significant role in the mint’s modern day success.
In addition to the 1 ounce versions, the Austrian Gold Philharmonic coins are also minted in 1/2 oz, 1/4 oz, and 1/10 oz increments.
One peculiar point of interest is the fact that this coin has been issued in two currency units. Prior to the formation of the Euro Zone, these coins were marked in the currency unit of Austria, the Shilling. 1 Troy ounce coins struck after 2002 will have a face value of 100 Euros, while 1 Troy ounce coins struck prior to 2002 will show a face value of 2000 Shillings. As more time passes between this transition, the older Shilling value coins may become more sought after for their increasing rarity and historical significance.
Gold Philharmonic Coin Design
The 2015 1 oz Austrian Gold Philharmonic coins are unlike any other bullion coin designs in the world, as it leaves both sides of the coin open to artwork that celebrates the creation of one of the world's finest orchestras.
The obverse side (or front side) of the coin features a cello prominently in the center, flanked with two violins on each side. The background behind the cello features the images of a regal harp, a partial bassoon, and a Vienna horn. These musical instruments are rendered in such detail that many find it only comparable to the American Gold Eagle coin designs. Both the obverse side and the reverse side of the coin were designed by the mint’s chief engraver, Thomas Pesendorfer.
The reverse side (or the back side) of the coin features the grand representation of the centuries old organ that has accompanied the Vienna Philharmonic Orchestra inside the Golden Concert Hall in recreating the timeless musical work of some of the world’s greatest composers. The reverse side is stamped with the coin’s purity of .9999 (which equates to 99.99% fine gold, which is about as pure as possible). The legal tender of "100 EURO," the weight (which is 1 Troy ounce), and the mint year (2015) are also included on the coin’s design.
The 2015 1 oz Austrian Gold Philharmonic coins have a diameter of 37 mm and a thickness of 2.0 mm. It weights one Troy ounce of pure gold and has a mass of 31.103 grams.
The 2015 1 oz Austrian Gold Philharmonic coins have a purity of 99.99%. It is made of 24 karat gold. These gold coins have a higher purity level than many other gold bullion coins on the market, which is why they are often sought out by many people for both investment and collection purposes.
The Austrian Mint, as well as the European Union, guarantees the weight and purity of the 2015 1 oz Austrian Gold Philharmonic coins. This makes these coins a highly liquid commodity. These coins are also approved for precious metal IRA funding, meaning you can start or add to your retirement savings with an investment in this coin. The low premium over spot value of these coins is attractive to those looking to invest in bullion.
The actual valuation of the coin is determined by the current spot price of gold in the market. The market price of gold topped at about $1,300 per ounce in January of 2015, the first time in four months gold has hit that number. In order to hedge against uncertainties, investors have returned to this trusted investment and are adding to their gold-backed funds at a faster pace than in recent years. The condition of the coin, as well as any historical or sentimental value, are other factors that may determine the overall value of these gold coins. Investors and collectors are advised to keep their bullion in mint condition by properly storing them in order to guarantee the highest possible value return.
ITM Trading suggests adding diversity and variety to your precious metals portfolio, and for this reason, we suggest holding not only U.S. gold coins, but foreign coins as well, such as this one. ITM trading offers discounted rates on each purchase when the transaction is done via check, wire, or ACH, rather than credit card. Free shipping and insurance are offered with each purchase.