2017 1oz Philharmonic Gold Coin
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Austrian Philharmonic Gold Coin
This is a 1oz gold bullion coin issued by the Austrian mint. Coins will be packaged loose for small quantities and orders of 10 or more may come in a tube, and 500 in a box.
One side of the coin displays a variety of musical instruments including a Viennese horn, a harp and violins. The obverse pays homage to the great organ in the Musikverein Concert Hall in Vienna which is where the Vienna Philharmonic perform when they are in Austria.
Initially the face value of this coin was 2000 Austrian schillings, but after the introduction of the euro, it changed to 100 Euros.
It is struck in 999.9 fine gold, putting it amongst the purest gold bullion coins in the world.
Coin History and Mintage
The Gold Philharmonic coin was first issued in 1989 and in the following years it was widely recognised as the most popular and best-selling gold bullion coin in the world.
The coin is issued in multiple sizes including the 1/25 oz, the ¼ oz and the ½ oz. It’s also proved very popular in its 1oz silver Philharmonic guise, as one of the best-selling non-UK silver coins.
In 2004, to celebrate the 15th anniversary of the Vienna Philharmonic Gold coin, the Austrian mint created an incredible 1,000 oz coin with a face value of 100,000 euros. It consisted of 31.103 kg of pure gold. This coin is affectionately known as the ‘Big Phil’.
Subsequent anniversary coins have been a 20 oz coin issued for the 20th anniversary and a 1/25 oz issued for the 25th anniversary.
This is currently the only European bullion coin with its face value in euros. It is only legal tender in Austria.
The Vienna Philharmonic Orchestra
The Vienna Philharmonic is based at the Musikverein in Vienna.
The selection process is lengthy, with every musician needing to demonstrate their ability over a 3-year period of performing for the opera and ballet.
The orchestra operates under a ‘Democratic Self-Administration’. Day to day decisions are made by 12 elected members of the administrative committee.
Our Expert Opinion
The Philharmonic 1oz coin has established itself as one of the best known and desired gold and silver bullions coins available. Low premiums represent good value for a high purity coin and there’s a strong demand when selling. Its beautiful design and cultural connotations has acted to enhance its universal appeal.
As a mainstream bullion coin, the Philharmonic is a great solution for both gold and silver investment and collectors, especially if you able to obtain any of the anniversary coins. For those looking to be tax efficient, it may be worth considering UK alternatives which hold the added advantage of being Capital Gains Tax Free. The 1oz Britannia coin is very comparable as it’s also now produced in 24 carat purity, both in gold and silver. Combining the Philharmonic with other liquid coins from around the world (also featured in theForeign gold coin category), makes for a wonderful collection.
Orders are delivered free of charge within the UK only.
Delivery is in non-branded tamper proof packaging by Royal Mail Special Delivery and is fully insured. Delivery usually takes place before 1pm on the day following despatch, but some areas may run over this timeframe.
Maximum value per parcel is £50,000, so larger orders will be sent in multiple installments.
When placing your order, the delivery address needs to match the registered address of the buyer.
You’ll receive a despatch email with a tracking link once the goods are sent so you can see the status of the delivery and location of the parcel.
In the event that no-one is in to receive the delivery, you’ll be left a red card confirming attempted delivery, with confirmation on the Royal Mail tracking page. You then have the choice of arranging redelivery or picking up the parcel from your nearest sorting office.
If you request storage for your order, your goods will be sent free of charge to the storage vaults.
All gold & silver orders are stored at Loomis International in the UK and held on a fully allocated and segregated basis.
Storage fees are 1%+VAT/year for gold and 1.5%+VAT/year for silver, subject to minimum charges.
Please see further details of storage fees and minimum charges on our Storage & Delivery page.
Storage is charged at point of purchase by selecting ‘Buy with Storage’ to the next semi-annual pay date. Semi-annual storage dates are 15 March and 15 September each year and are subject to minimum charges for the period.
A recurring storage fee will be taken from your card at each semi-annual storage date.
You can opt to have your goods delivered at any time, subject to delivery charges of £25 +0.25% of the metal value.