The Vienna Philharmonic Gold Coin is a 24-karat Austrian bullion coin, first minted in 1989. Produced annually by the Austrian Mint (Münze Österreich) with a purity of 99.99% gold and currently the following denominations: 1 oz, ½ oz, ¼ oz, 1/10 oz, 1/25 oz. This is the only bullion coin with a face value in Euro that is produced annually. It is one of the best-selling gold coins in the world, often the number one in Europe.
- The philharmonic gold coin was introduced in 1989. Is is the only bullion with a face value in euro that is produced annually.
- The obverse design of the coin features a pipe organ of the Vienna Musikverein. Its reverse shows a selection of symphony orchestra instruments.
- The Austrian philharmonic coin is one of the best-selling bullion coins in the world.
This comprehensive overview gives an introduction to the philharmonic gold coin, its history, design, specifications, advices for buying and selling, comparison to a very similar coin: the Britannia from the United Kingdom, and lastly the article answers frequently asked questions.
Part 1: What is the Philharmonic Gold Coin
The Philharmonic coin is short for Vienna Philharmonic coin (German: Wiener Philharmoniker), sometimes also called Austrian Philharmonic coin. This coin, named after the world-renowned Vienna Philharmonic Orchestra, are a testament to Austria’s love for music and art.
The Philharmonic Coins are not just for collectors. They are also a popular choice among precious metal investors. Minted in gold, silver, and platinum, these coins offer a tangible way to invest in these precious metals. The value of these coins goes beyond their face value, influenced by factors such as the current market price of the metal, the coin’s condition, and its rarity.
Facts about the Vienna Philharmonic Coin:
|The design of the Philharmonic Coin is inspired by the Vienna Philharmonic Orchestra, featuring various orchestral instruments and the Great Organ of the Golden Hall in Vienna’s Musikverein.
|The Philharmonic Coin is minted in pure gold, silver, or platinum, with a fineness of 999.9 for the gold and platinum coins and 999 for the silver coin.
|The Philharmonic Coin is one of the most popular bullion coins worldwide, recognized for its design, purity, and investment value.
|The denomination of the Philharmonic Coin changed from Austrian Schillings to Euros in 2002 when Austria joined the European Union.
|The Austrian Mint occasionally releases special editions of the Philharmonic Coin, which feature variations in the design or size and are highly sought after by collectors.
Part 2: History and Design of Philharmonic Gold Coins
Introduction to the Vienna Philharmonic Orchestra and its Influence on the Coin Design
The Vienna Philharmonic Orchestra is one of the most famous and finest orchestras in the world, with a rich history that dates back to the 1842, the year it was founded. The orchestra is renowned for its distinctive sound and exceptional musicianship. It is this cultural icon that inspired the design of the Philharmonic Gold Coin.
The Philharmonic Gold Coin pays homage to the orchestra by featuring a selection of musical instruments on its design. The coin’s obverse features an array of instruments: a cello, four violins, a harp, a bassoon, and a Vienna horn, representing the various sections of the orchestra. The reverse of the coin features the Great Organ of the Golden Hall in Vienna’s Musikverein, the concert hall where the Vienna Philharmonic Orchestra performs. Both sides of the coin were designed by Thomas Pesendorfer, one of the most-skilled Austrian coin engravers.
The Launch of the Philharmonic Gold Coin in 1989
The Philharmonic Gold Coin was first introduced in 1989 by the Austrian Mint, as the second European gold bullion coin – the first being the Britannia, first minted two years earlier. It was initially denominated in Austrian Schillings and later in Euros after Austria joined the European Union. The coin quickly gained popularity among investors and collectors due to its purity, design, and cultural significance.
Table of Mains Events around the Vienna Philharmonic Coin:
|The Austrian Mint introduces the Philharmonic Gold Coin, inspired by the Vienna Philharmonic Orchestra.
|The Philharmonic Coin’s denomination changes from Austrian Schillings to Euros after the introduction of this currency.
|Between 35 and 40 percent of bullion coin sales in Europe are attributed to the Philharmonic coin.
|Big Phil is created: A 100 ounce coin celebrating the 15th anniverary of the philharmonic coin.
|The Austrian Mint releases the Philharmonic Silver Coin, expanding the Philharmonic series.
|A platinum coin is created, and minted annually henceforth.
The coin is minted in pure gold with a fineness of 999.9, also known as 24 karats. This high level of purity has contributed to the coin’s popularity among those looking to invest in gold. The Austrian Mint continues to mint Philharmonic Gold Coins, with new issues released annually.
Evolution of the Coin Design Over the Years
While the basic design elements of the Philharmonic Gold Coin have remained consistent since its introduction, there have been some variations over the years. For instance, the denomination of the coin changed from Austrian Schillings to Euros in 2002, and this change was reflected in the coin’s design.
Additionally, the Austrian Mint has occasionally released special editions of the Philharmonic Gold Coin. These special editions often feature variations in the design or size of the coin and are highly sought after by collectors.
Part 3: Specifications of the Coin
Face Value vs. Actual Worth of Philharmonic Gold Coins
The Philharmonic Gold Coin carries a face value denominated in Euros, but its actual worth is significantly higher. The face value ranges from 4 euros for the 1/25 ounce coin to 100 euros for the 1 ounce coin (before the introduction of the euro, this was 2,000 Austrian shillings).
While the face value of the coin is recognized as legal tender in Austria, the actual worth of the coin on the global market is usually much higher. This is due to the coin’s gold content and the demand for these coins among investors and collectors. The Philharmonic Gold Coin’s value is primarily determined by the current market price of gold.
Several factors play a role in determining the value of Philharmonic Gold Coins. The most significant factor is the current market price of gold. As the price of gold increases, so does the value of the coin. The coin’s value is primarily determined by the current market price of gold. As the price of gold increases, so does the value of the coin.
The coin’s condition also influences its value. Coins in mint or near-mint condition are typically worth more than those that show signs of wear or damage. Additionally, certain editions of the coin, such as those with limited mintage or special designs, may be worth more due to their rarity. The condition of the coin also plays a role in determining its value. Coins in mint or near-mint condition are typically worth more than those that show signs of wear or damage.
Sizes and Measures
The coin was first produced in 1989 with a weight of one ounce. Over the next years more coin sizes were added. Currently there are 5 regular coin sizes that are minted on a yearly basis.
Specifications of the Gold Philharmonic coin:
(since 2002 in euros)
Over the years coins were added made of other metals and of different sizes: The Austrian Mint introduced in 2008 the silver philharmonic coin as one ounce. And in 2016 the one-counce-platinum coin (and in 2017 the size of 1/25 ounce was added). These coins have been minted annually as well.
Special editions include the “Big Phil” in 2004 to celebrate the 15th anniversary of the philharmonic coin. It weights a solid 1,000 ounce, that is 31.103 kg. Its face value was set at 100,000 euros. 15 of these coins were produced. It was the heaviest gold coin in the world until 2007, when the Royal Mint of Canada produced 100 kg Gold Maple Leaf. For the 20th anniversary, the Austrian Mint stroke 6,027 coins with a weight of 20 ounce (622 gram) and a face value of 2,000 euro.
In terms of value, the Philharmonic Gold Coin is comparable to other popular gold coins such as the American Gold Eagle, the Canadian Gold Maple Leaf, and the South African Krugerrand. However, the Philharmonic Gold Coin stands out due to its unique design that pays tribute to Austria’s rich musical heritage.
Part 4: The Art of Buying and Selling Philharmonic Gold Coins
Where to Purchase Philharmonic Gold Coins
Philharmonic Gold Coins can be purchased from a variety of sources. Reputable precious metal dealers, both online and physical, often carry these coins. Some popular online dealers include JM Bullion and APMEX. These platforms offer a wide selection of Philharmonic Gold Coins, allowing you to choose from different years and conditions.
In addition to dealers, you can also purchase Philharmonic Gold Coins from auctions, coin shows, and even directly from the Austrian Mint. When buying these coins, it’s important to ensure you’re dealing with a reputable seller to avoid counterfeit coins. It’s also crucial to do your research and understand the current market value of the coin to ensure you’re getting a fair deal.
The safest way is to buy the philharmonic gold coin, any bullion coin, from a reputable dealer. There is no upside buying gold from private dealers or from auctions. On the contrary, there could be substantial risk involved.
The Process of Selling Philharmonic Gold Coins
Selling your Philharmonic Gold Coins is relatively straightforward. Many of the same outlets where you can buy these coins also offer options to sell. Precious metal dealers, coin shops, and online platforms like eBay are common places where you can sell your coins.
When selling your coins, it’s important to know their current market value. This can be determined by checking the current price of gold and any premiums associated with the Philharmonic Gold Coin. Remember, the condition and rarity of the coin can also influence its value. It’s also beneficial to compare prices from different buyers to ensure you’re getting the best possible price for your coin.
Key Tips for Buying and Selling Philharmonic Gold Coins
When buying or selling Philharmonic Gold Coins, there are a few key tips to keep in mind. First, always deal with reputable sellers or buyers. This can help you avoid counterfeit coins or unfair prices.
Second, keep an eye on the current price of gold. This will give you an idea of the base value of the coin. However, remember that the coin’s value can also be influenced by its condition, rarity, and demand among collectors and investors.
Whether you’re a seasoned investor or a novice in the world of coin collecting, understanding the ins and outs of buying and selling Philharmonic Gold Coins is crucial. By following these tips and guidelines, you can ensure that you’re making the best possible decisions when it comes to your Philharmonic Gold Coin investments and collections.
Part 5: Austrian Philharmonic Coin vs Britannia Coin
The Philharmonic Gold Coin and the Britannia Gold Coin are both highly sought-after coins in the world of precious metals. Here’s a comparison of the two based on several factors:
Purity: Both the Philharmonic Gold Coin and the Britannia Gold Coin are minted in pure gold, with a fineness of .9999. This high level of purity makes both coins a valuable asset for investors and collectors.
Country: The Philharmonic Gold Coin is minted by the Austrian Mint and is a symbol of Austria’s rich musical heritage. On the other hand, the Britannia Gold Coin is produced by The Royal Mint in the.
Design: The design of the Philharmonic Gold Coin is inspired by the Vienna Philharmonic Orchestra, featuring various orchestral instruments and the Great Organ of the Golden Hall in Vienna’s Musikverein. The Britannia Gold Coin features the iconic figure of Britannia, a symbol of British strength and integrity. The design of Britannia changes regularly, adding a level of interest for collectors. In 2023 the picture of the monarch changed from Queen Elizabeth II to King Charles III.
History: The Philharmonic Gold Coin was first introduced in 1989 and has since become one of the most popular gold bullion coins in the world. The Britannia Gold Coin was first introduced in 1987 and has also gained popularity among investors and collectors.
Recognition: Both the Philharmonic Gold Coin and the Britannia Gold Coin are recognized worldwide and can be easily bought and sold. However, the Philharmonic Gold Coin is often considered more liquid due to its popularity.
Security Features: The Britannia is one of the few gold bullion coin with security features: micro text, latent reature, surface animation and tincture lines. The Philharmonic coin is not known of security features. However, a professional gold shop can easily distinguish genuine from faked gold coins.
Investment Value: Both the Philharmonic Gold Coin and the Britannia Gold Coin are excellent forms of investment. They are recognized worldwide and can be easily bought and sold. Both coins are minted in pure gold, making them a tangible asset that can increase in value over time.
Collector Interest: Both coins are also popular among collectors. The Philharmonic Gold Coin, with its consistent design, appeals to those who appreciate the cultural significance and the beauty of the coin’s design. The Britannia Gold Coin, with its changing designs, attracts collectors who enjoy the variety and the anticipation of each new design.
In conclusion, both the Philharmonic Gold Coin and the Britannia Gold Coin have their unique advantages. The choice between the two will depend on your personal preferences, investment goals, and the specific characteristics you value in a gold coin.
What is a Philharmonic Gold Coin?
The Philharmonic Gold Coin is a bullion coin annually produced by the Austrian Mint since 1989. It is one of the most popular gold bullion coins in the world, known for its design inspired by the Vienna Philharmonic Orchestra.
How big is a 1 oz Philharmonic Gold Coin?
A 1 oz Philharmonic Gold Coin has a diameter of 37 mm and a thickness of 2 mm. It contains one troy ounce of pure gold.
How much is a Philharmonic Gold Coin worth?
The value of a Philharmonic Gold Coin is primarily determined by the current market price of gold. However, the coin's condition, rarity, and demand among collectors and investors can also influence its value. The price of the Philharmonic Gold Coin has generally followed the market price of gold. Since the coin was first introduced in 1989, the price of gold has seen periods of both increase and decrease. At the end of that year, one ounce of gold stood at $410. This (+ a couple of percent of a price premium) was the price for one ounce Philharmonic coin. End of 2022, one ounce of gold was $1,664. Meaning, the gold price (and the coin price) increased four times.
Why is 100 Euro written on the one-ounce gold coin?
The 100 Euro denomination on the one-ounce Philharmonic Gold Coin represents its face value. This is the value assigned by the Austrian Mint and is recognized as legal tender in Austria. However, the actual worth of the coin on the international market is usually much higher due to its gold content and the demand among investors and collectors.
Is there a 1/10 ounce Philharmonic coin?
Yes, there is a 1/10 ounce version of the Philharmonic Gold Coin. The Austrian Mint produces Philharmonic Gold Coins in several sizes, including 1 ounce, 1/2 ounce, 1/4 ounce, and 1/10 ounce. The 1/10 ounce coin offers a more affordable option for those looking to invest in gold or add to their coin collection.