Philharmonic Gold Coins available from Utah Gold Buyers
You immediately think of anything musical when you hear the word "philharmonic." Justifiably so, the word "philharmonic" connotes exquisite music, such as orchestras and symphonies. Philharmonic, to gold bullion investors, is a stunning gold coin from Austria honoring that country's illustrious musical past.

The renowned Musikverein Concert Hall in Vienna, the home of the Vienna Philharmonic Orchestra, is depicted on the coin. Performances of Mozart and Beethoven have been conducted there by conductors including Hans Richter and Gustav Mahler. When experts and historians of classical music talk about the "philharmonic," they most often mean Vienna's magnificent symphony.

Regarding the Philharmonic gold coin, the intention was to draw inspiration from the elegance and grace of its namesake. And it worked out well.
It was the first 1 oz gold bullion coin intended for investment to be produced in Europe, and it was initially introduced in 1989. Since then, the Gold Philharmonic has gained the trust and recognition of investors worldwide.

History
Due to international sanctions that were put in place there in the 1980s, imports of the Krugerrand, the well-known gold bullion currency from South Africa, were prohibited in a number of nations. The sanctions imposed on the Krugerrand, the most well-liked and profitable coin in the global market, significantly limited the supply of 1 ounce coins for investment purposes.
In order to address this issue, the Austrian government decided to mint its own gold coin. Austrian Gold Philharmonics were immediately put into production and were a great hit. The market for bullion was insatiably eager for a stunning, pure gold Krugerrand substitute.

The Minting
Although 1 oz gold coin production was decided upon by Austrian officials in 1986, the first piece was not produced until 1989. The Austrian Mint performed admirably in its first year of production, producing 351,000 copies of the one troy ounce gold coin. In addition, 272,000 pieces of the Philharmonic gold coin weighing ¼ troy oz were minted. (Gold coins made in Austria).
It was already the second-best-selling gold coin worldwide and the most well-liked coin in Europe by 1990.  The Philharmonic 1 oz gold bar is a standard item for bullion dealers around these days. These coins are easily purchased or sold by investors at a competitive price.

The Collection
There are four sizes available for Gold Philharmonics. In addition to the more often used 1-ounce gold coin, the series also includes ½-, ¼-, and 1/10-ounce forms. Each coin that is offered for sale has its weight and purity indicated and is made from.9999 pure gold. One ounce is equivalent to 100 euros. The face value of a half-ounce coin is fifty euros, a quarter-ounce coin is twenty-five euros, and a tenth-ounce coin is ten euros. (Gold coins made in Austria) Additionally, the coin is produced by the Austrian Mint in 1-ounce silver, valued at 1.5 euros.

The Design
One can tell a gold Philharmonic coin from Austria has been painstakingly created just by holding one. It is a stunningly crafted tribute to the Vienna Philharmonic Orchestra.  Some of the main instruments found in many orchestras may be seen on the other side of the coin. These consist of a harp, Vienna horn, cello, and bassoon. There are two violas and two violins on either side of the cello. The orchestra's original German name, Wiener Philharmoniker, is displayed above these instruments on a banner. 

The coin's obverse features architecture and one more large instrument in place of instruments. The Golden Hall, or balcony of the Musikverein Concert Hall, has been depicted by an artist. The renowned pipe organ in the hall is situated atop it. The words "Republik Osterreich" are inscribed around this image, along with the weight and purity of the coin. The denomination is listed as "100 Euro" and the wording reads "1 Unze Gold 999.9" for the one troy ounce coin. Between the two last details is the year the coin was produced.

Thomas Pesendorfer, the former head of the Austrian Mint, created the design. The insertion of the edge rod, or ring around the edge, was the only modification made to his design. The coin's face has a slightly raised ring that makes it easier to stack during manufacturing.

In Conclusion

The Philharmonic gold coin has a distinctive design and the confidence that comes with being an official legal currency, with the weight and purity assured by the Austrian government. Being offered for only a few percent more than its melt value, the coin is a fantastic deal. Additionally, it is liquid, making it simple to purchase and sell right away when the time comes. It will be a valuable addition to any investor's holdings of gold.

For current pricing and availability, give Utah Gold Buyers a call at 1-800-679-1373.  Shop the coins at Utah Gold Buyers to add diversity to your gold portfolio. Please contact our customer service team with any questions.