The Austrian Philharmonic Coin
Tuesday, October 20, 2009
The Austrian Mint began striking coins in 1194. Over those 800 years, the Mint gained
a fantastic reputation for producing coins with unmatched quality and exceptional
design. One of the Austrian Mint’s most internationally acclaimed coins is the Austrian
Philharmonic coin. Since the coin’s inception, it has twice been the best-selling
coin worldwide, first in 1992, and again in 1995. Struck in 99.99% gold, the Austrian
Philharmonic coin has gained popularity among both collectors and investors around
the world.
The Founding of Vienna’s Mint
The Austrian Mint in Vienna’s lifespan far exceeds that of other international mints.
Its story also makes it unusual; while other mints were started as a means of providing
currency, the Austrian Mint was begun to convert a stockpile of ransom money.
During the Crusades, Richard I of England, also known as Richard the Lionhearted,
embarked on a campaign to the Holy Lands with Duke Leopold V of Austria. The two
clashed and parted ways without reaching compromise. Years later, Richard I attempted
to travel back to England, disguised as a religious pilgrim. The Austrian Duke Babenburg
recognized Richard I, and held the king hostage until 1193.
The Babenburg duke surrendered his prisoner to Emperor Henry VI, in exchange for
100,000 silver Cologne marks (roughly 2 billion Euros, by today’s standards). Half
this treasure went to Leopold V, who used it to found the Austrian Mint and create
new silver currency for Austria.
An Event in Modern Numismatic History
For hundreds of years, the Austrian Mint has upheld a tradition of unparalleled
quality and craftsmanship, and the Austrian Philharmonic coins continue that tradition.
The Austrian Philharmonic gold coin was first minted in 1989, as a way to honor
the country’s vibrant history of musical excellence. Struck from gold bullion and backed by the Central Bank of
Austria, the Austrian Philharmonic coin offers purity comparable to that of the
popular Austrian Corona, which is extremely well regarded among both collectors
and investors.
The coin’s overwhelming popularity led to the introduction of silver Austrian Philharmonic
coins in 2002. Like its gold counterpart, the silver Philharmonic coin is struck
in 99.99% fine silver. This silver coin was the first to be issued a value in Euros.
The gold Philharmonic was also issued in Euros, rather than the previous denomination
in Austrian Shillings, the same year. The Philharmonic coins are also issued in
a variety of sizes, from ¼ oz to 1 oz, creating an opportunity for someone to begin
a collection at any price point.
A Unique Design
Both the silver and gold Philharmonics feature the same obverse and reverse designs,
which are renowned for their exceptionally fine details and execution. On the coin’s
obverse, the Great Organ, from Vienna’s Golden Hall is featured. Meanwhile, on the
coin’s reverse is a breathtaking array of musical instruments, including violin,
cello, string bass, bassoon, and Viennese horn. Thus, each face of the Austrian
Philharmonic pays homage to the country’s undeniable taste for—and role in—the world
of classical music.
As precious metals become a more attractive and viable investment option, the demand
for Austrian silver and gold
Philharmonic coins will certainly grow. Coupled with their excellent value,
the coins’ beauty and detail make them a wise addition to any coin collection or
precious metals portfolio.
This information is provided for general reference purposes and does not constitute
professional advice. For detailed coin collecting or investing information, please
consult with a professional expert.
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