Austrian Gold Philharmonic
The Austrian Gold Philharmonic is an extremely popular gold bullion coin. In fact in 1992, 1995 and 1996 it was the best-selling coin in the world. Many have speculated that the popularity is due to its beauty. The Philharmonic is also known for being the very first coin to be denominated in Euros.
The Austrian Philharmonic is also known as the Vienna Philharmonic and is a 24 karat gold coin like the gold Canadian Maple Leaf. The philharmonic is a great choice for those that love pure gold coins rather than 22 karat versions like the American Eagle or South African Krugerrand.
Design and Specifications
The front or obverse of the coin displays an image of the Grand Organ, which is possibly the most popular instrument of the Philharmonic Orchestra. The Musikverein is the hall that the orchestra calls home and was built in 1870 when Emperor Franz Joseph donated the land. It is inside this great hall that the Grand Organ sits since 1907. The front of the coin also displays three inscriptions. The first is the words “REPUBLIK OSTERREICH,” which directly translates to “Republic of Austria,” the second is “1 UNZE GOLD,” which translates to “1 ounce gold,” and finally the face value is shown, which is 100 euros.
The back of the coins displays many of the instruments that the Vienna Philharmonic Orchestra is famous for including the Viennese horn, harp, bassoon, violin, cello and the bass.
The coin contains .9999 fine ounces of gold, weighs 31.1030 grams, is 37mm in diameter and can be purchased in 1 oz., ½ oz., ¼ oz. and 1/10 oz. versions.
The Austrian Philharmonic gold coin has been minted since 1989 by the Austrian Mint which has over 800 years of history. In fact the mint was started with money that was acquired by Duke Leopold’s capture of the King Richard of England in 1194. 65,000 pounds of silver was received by Austria as ransom for the release of the king.
The Munze Osterreich, or Austrian Mint got its name in 1989 when it became a subsidiary of the National Bank of Austria.