Austrian Gold Philharmonic 1 oz
The Austrian Gold Philharmonic 1 oz is a popular pure gold bullion coin which competes with the American Gold Eagle 1 oz and the Canadian Gold Maple Leaf 1 oz.
Introduced by the Austrian Mint in 2008 the Austrian Gold Philharmonic 1 oz is also available in ½ oz, ¼ oz and 1/10 oz sizes. The front of the Austrian Gold Philharmonic 1 oz features the Great Pipe Organ found in Vienna’s Golden Hall, the legal tender value of 100 euro/shilling, the date, one unze (ounce) gold, and the coin’s purity 999.9.
The back of the coin features an arrangement of musical instruments and the legend “Wiener Philharmoniker” (Vienna Philharmonic). These gold coins are among the first denominated in euros and are pure gold (999.9).
Production numbers are driven by demand each year and fall between 100,000 and 200,000 coins because of popularity. This gold coin is striking in its modern design but in keeping with European conservative values and features a reeded security edge.
The Austrian Gold Philharmonic 1 oz offers a number of advantages: (1) because the Austrian Gold Philharmonic 1 oz is guaranteed as to weight and purity by the Austrian Mint it is accepted as a world standard. This allows dealers to post daily buy and sell prices on these 1 oz coins which follow the world price of gold. (2) Because of the Austrian Mint quality standards the Austrian Gold Philharmonic 1 oz is accepted in your Individual Retirement Account. (3) Because the Austrian Mint produced a significant number of these gold coins the premium over spot is low and attractive to those who want a bullion investment. (4) The Austrian Gold Philharmonic 1 oz is a pure gold coin with no alloy and so appeals to the European and Asian markets. (5) The Austrian Mint designed a hard plastic tube which holds 10 brilliant uncirculated coins and snaps tightly shut so storage is convenient.
There is no dealer reporting requirement (Federal Form 1099B) for this bullion coin when you purchase or sell.
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