In 1194 the Austrian Mint began producing coins. During the coarse of time that the Mint has been producing coins it has pumped out what are considered to be some of the most high quality and exceptional designed coins. The most internationally recognized coin produced by the Austrian Mint is the Austrian Philharmonic. It has been the best selling coin throughout the world in two different years, 1992 and 1995. The Austrian Philharmonic consists of 99.99% gold and is very popular among collectors and investors alike. Much of its popularity comes from Europe.
Insight Behind the Vienna Philharmonic Gold Coin
The Vienna Philharmonic is a gold bullion coin that is very popular among investors and has been for several decades. The production of these coins began in 1989 for the purpose of paying tribute to the legendary Vienna Philharmonics Orchestra. This coin is popular throughout the world as a form of gold bullion investment. It is a very high quality coin with a gorgeous design, which has given the Austrian Mint distinction.
Vienna Philharmonics have the same gold purity as the Canadian Gold Maple Leaf with 999.9 fineness or 24 karat gold. Vienna Philharmonics are more pure then the American Eagle gold bullion coins, which are 22 karats gold meaning they are 22 parts gold and 2 parts silver/copper. Due to the Philharmonics being of a purer form they are more susceptible to wear and tear because they are much softer.
The Vienna Philharmonic gold coins come in a variety of different sizes in order to meet the needs of investors with all different sized pocket books. These sizes include the 1/10 oz, ¼ oz, ½ oz, and 1 oz. The Vienna Philharmonic is considered legal tender in Europe but trade on the value of the gold spot price.
1 troy ounce: Euro face value of 100.00, 37 mm in diameter and 2 mm thick
½ troy ounce: Euro face value of 50.00, 28 mm in diameter and 1.8 mm thick
¼ troy ounce: Euro face value of 25.00, 25 mm in diameter and 1.2 mm thick
1/10 troy ounce: Euro face value of 10.00, 16 mm in diameter and 1.14 mm thick
Vienna Philharmonics are one of the most popular gold bullion investments throughout the world and they are also highly liquid. You can purchase these coins and sell these coins fairly easy. Purchasing gold bullion coins is going to come with a much higher mark up over the spot price of gold then if you were to purchase gold bullion bars in large quantities however; investing in gold bullion coins is still reasonable and makes owning gold possible for those investors with smaller pocket books.
Vienna Philharmonics are a great gold bullion investment that offers gold investors solidity and diversification for their portfolio. Get in touch with a reputable online gold dealer today and invest in Vienna Philharmonic gold coins.