The Austrian Philharmonic Gold Bullion Coins

coin values

The Austrian Philharmonic Gold Bullion Coins

Article by Daryl B. Chapman

Are you trying to build up your investment portfolio? Seeking for ways to diversify your investment? Gold has been accepted as a good investment vehicle against economic and dollar threats. According to research, aside from gold jewelries, people are very much interested in coin investing. Many people like the idea that coins are easy to transport and to store. Not only that, coins was used in the circulation since time immemorial. Having that said, they are witness to the rise and fall of empires and civilization.

Austria is popular for its beauty and national history. It is one of the wealthiest countries on earth. Along with its rich history, the diversity of the Austrian coins is affluent. The Austrian coins ranges from the ducats, schillings, coronas, florins and the philharmonics. The Philharmonic gold bullion coins are the point of this discussion. Let us talk about its characteristics and the reasons you should invest in these coins and how to find a good deal on these precious coins.

Coin AttributesOrdinarily, these coins have an actual gold content of 1.0 troy ounce or 31.103 grams. It has a diameter of 37 mm. Presently, its face value is 2000 schillings or 100 euro. It is minted in different sizes. You have an option to buy from 1/2, 1/4 and 1/10 ounce sizes of Austrian Philharmonic.

The coins are struck in 24-karat pure gold. Its design is like no other. It features the great musical instruments in the Vienna’s concert hall on its obverse. The concert hall is home of the infamous Vienna Philharmonic Orchestra. Included in these musical organs are cellos, violins, string base and harps.

Moreover, it is considered as the most popular gold coin in Europe. In 2008, during the global financial crisis, the sales of the Philharmonic surge higher than the American Eagles and The Krugerrands. People turn to gold as it is a great protection against economic threats and inflation.

Anniversary Of The CoinIn 2004, to mark the 15th anniversary of the well-liked bullion coin, the Austrian Mint issued a 1000-ounce gold Philharmonic. Fifteen coins were struck, each has a face value of 100,000 euros. Within two weeks of offer, all fifteen were sold out. The said coins were featured as the world’s largest gold coin in the famous Guinness Book of World Records.

Investing In Austrian PhilharmonicThe coins are obtainable online. They are very inexpensive. They are cost-efficient as well. They are great addition to your investment portfolio. The coins are backed by the Austrian government. Similar to the American gold eagles, which are guaranteed by the US government. Moreover, the coins are widely accepted. If you feel that you are ready to let go of these precious pieces, it is easy to sell as many collectors and investors are willing to pay the price just to add these incredible items to their collection.

When buying these coins be sure to buy from a reputable retairer. Research first the price of the coins in the global market and try to compare prices from one merchant to another to be sure that you are making a good purchase.

It is one of the most beautiful coin in the world. If you are looking for a good investment vehicle to venture on, invest in these coins because they are not that expensive and it comes from a glamorous and historic country. Above are facts that you may want to know about the Austrian Philharmonic.

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