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Austrian Philharmonic Gold Coins are appealing options if you consider including IRA-eligible gold coins in your investing portfolio. These coins, made by the renowned Austrian Mint, have several benefits that make them a great addition to any investor’s collection. Here are four reasons to consider diversifying your portfolio with Austrian Philharmonic Gold Coins from Precious Metals. But first, let’s learn more about the Austrian Mint.
About Austrian Mint
If you’re considering a purchase, the Austrian Philharmonic Gold Coin series stands out as one of the most popular options available in Europe. The only bullion coin series with a legal tender value based on the Euro released in higher quantities is the Austrian Philharmonic coin series. The coveted collection is unique not only in its design but also in its history.
Available sizes: 1/25 oz, 1/10 oz, 1/4 oz, 1/2 oz, 1 oz, and 10 oz
The Austrian gold Philharmonic is a stunning coin that features the instruments of the Austrian Philharmonic Symphony on one side and the Golden Hall in Vienna on the other, where the symphony is performed every New Year’s Day.
The Austrian Mint introduced the Philharmonic coin in gold in 1989. Its design celebrates the renowned Vienna symphony. Gold Philharmonic coins start at 1/25 ounce and come in various sizes, including the 1/10 oz gold coin. The World Gold Council initially proclaimed the gold Philharmonic coin the most widely distributed gold coin in the 1990s due to its enormous popularity all over the world.
4 Reasons to Buy Austrian Philharmonic Gold Coins
Some of the highest-quality coins now on the market are Austrian Philharmonic coins. One of the purest bullion coins available, all gold Philharmonics are made of investment-grade bullion, which is a .9999 fine. Before Austria accepted the Euro in 2002, these coins were priced in Schillings. These coins have been backed by euros ever since. The silver and platinum Philharmonic coins, introduced in 2008 and 2016, initially had Euro values.
The Philharmonic coin is well identifiable and straightforward to trade due to its high quality. Due to their widespread use, these coins also have the advantage of liquidity and price appreciation. Many collectors and investors find the designs quite creative, and the blend of Austrian and European elements is alluring.
1. A popular product from a quality mint
Purchasing valuable metals from a reputed dealer like BOLD Precious Metals, which has a track record of producing high-quality bullion items, is advisable. The Austrian Mint, one of Europe’s biggest and most prosperous mints, is known for its high standards of artistry and quality and its long history. The Vienna Philharmonic gold coin, first produced in 1989, is one of their collection’s purest bullion coins, with a gold content of .9999 (24 karats). The coins’ superior grade even makes them acceptable for usage in an IRA account.
Muenze Oesterreich sold 756,200 troy ounces (23.52 tonnes) of Philharmonic gold coins in 2015 alone, making it one of the world’s most well-known coin collections, even surpassing the American Eagle and Canadian Maple collections. The popularity of Philharmonic coins will still be increasing in 2023, too.
2. A variation of sizes with a limited mintage
Unlike many other collections, the Philharmonic’s coin collection contains many sizes. The 1 oz Vienna Philharmonic coin is the group’s flagship size, with the remaining sizes being 12 oz, 14 oz, 1/10 oz, 1/25 oz, and 20 oz gold Philharmonics, all of which have weight and quality guarantees from the Mint. This is only one of several factors contributing to the Philharmonic’s appeal; the World Gold Council named the coin the best-selling gold coin in the world in 1992, 1995, 1996, and 2000.
The Austrian Mint released the huge 1,000-troy ounce Vienna Philharmonic Gold currency, sometimes known as the “Big Phil,” in 2004 to mark the 15th anniversary of Europe’s first pure gold bullion currency. Only 15 of these enormous coins, weighing more than 30 kilograms of pure metal, are available, featuring a face value of 100,000 Euros and .9999 pure gold.
The Philharmonic line is also available in silver and platinum if you wish to add to your collection.
3. Beautiful design, rich history
These philharmonic coins are perfect for any long-term saver who appreciates the stability and security of possessing actual legal tender coinage.
Your investment portfolio can benefit significantly from being diversified with philharmonic coins. Due to precious metal’s poor correlation to other financial assets, a portfolio can be shielded against market risk by holding Philharmonics.
The obverse side of the coin has a group of orchestral instruments, including a cello, four violins, a Vienna horn, a bassoon, and a harp, all designed by renowned Austrian engraver Thomas Pesendorfer. These instruments, which bear the German phrase WIENER PHILHARMONIKER (“Vienna Philharmonic”), represent Austria’s rich musical and cultural past and the internationally known Vienna Philharmonic Orchestra.
The “Great Organ” in Vienna’s renowned “Golden Hall” can be seen on the coin’s reverse, the concert hall where the Vienna Philharmonic Orchestra traditionally performs. This side also includes information like purity, tender value, country of issuance, and weight in ounces.
These Philharmonics are meticulously crafted with a purity of .9999, resulting in a distinct hue attributed to their exceptional fineness and distinctive design.
4. Liquidity
All across the world, the Philharmonic coins are widely accepted and easily tradable. The Vienna Philharmonic Orchestra is featured on the first legal tender gold coin produced in Europe, which has been in continuous production for the past 25 years.
It is widely recognized since it is the most commonly used currency in one of the biggest marketplaces in the world. Consider this since you might wish to sell your investment. Because the Philharmonic is so well-known and reputable, selling it will be simple wherever in the world.
However, you must purchase through a recognized dealer like BOLD when purchasing goods from a significant international mint that can guarantee the product’s highest quality and has a long-standing business connection with the mint. Pick a trustworthy internet retailer who can provide inexpensive, secure shipping. Products from the Austrian Mint are also shipped in beautiful packaging, including plastic tubes for up to 10 coins and “monster boxes” for up to 500 coins!
Conclusion
Ultimately, when investors make their choices, intricate designs don’t usually top the list. Austrian Philharmonics coins hold value due to their rich history, and there are solid reasons to consider adding bullion to your investment portfolio.
If you’re considering acquiring Philharmonics as part of your investment strategy. In that case, buying them from a reliable seller known for consistently providing top-notch products is crucial. Also, compare prices from various dealers to get the lowest prices on Austrian Philharmonic gold coins.
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