Austrian Philharmonic gold coins have been struck by the Austrian Mint in Vienna since 1989. More recently, in 2008, the historic mint produced its first silver coin in order to meet a growing demand globally.
The Austrian Mint however is one of the oldest in the world. Founded over 800 years ago by Duke Leopold V, the Austrian Mint is established techniques that are regarded as a world leader for striking innovative coins to the highest standards – arguably better than the Royal Mint of Britain.
Ironically, the money that was used to open the original Vienna Mint in 1194 was ransom money paid by Richard I of England. Duke Leopold had captured the king as he passed through Austria on return home from the Crusades in the Middle-East.
Evolution of striking coins
Ever since its early foundations, the Austrian Mint has been a pioneer in minting and has developed innovative methods using the latest technologies of the day. Up to the 16th century, coins were struck with a minting hammer, before being replaced with a roller press. The rocker press and the screw press followed.
However, it was around 1830 that the Austrian Mint made its mark worldwide with the introduction of the ring press which produced coins in an even round shape. The ring press is still used today although advancements with the technology enable the machine to produce 750 coins a minute.
The precision craftwork of coins produced by the Vienna Mint has played a pivotal role in the production of a string if elegant and timeless coins. The quality of the minting process produces coins to the highest standards and the intricacies of the coins engraving is particularly popular amongst collectors.
The Philharmonic design
The design of the Philharmonic coins was created by the city’s prestigious engraving academy which was founded in 1733 and boasts the works of the most highly skilled and experienced designers in the country. Their craftsmanship, particularly on minted coins have become something of an ambassador for Austria.
The Vienna Philharmonic coin is famous the world over and one of the most popular bullion products among collectors. The coins are distinguishable for their connection with classical music, another source of cultural pride the city is renowned for.
On the obverse side is an ensemble of musical instruments that includes a string bass, cello and violins, whilst the reverse side features the famous “Great Organ” that takes pride of place in the illustrious Vienna Concert Hall.
Value of the Philharmonic coin
The Philharmonic coins are among the most precious in the world, boasting a maximum 99.99% pure gold or silver and the largest diameter for a one ounce coin. Integrated into the Central Bank of Austria the Vienna Mint issues the Philharmonic coin as legal tender and is the only such coin available in Euros.
Given its weight and prestige, the Austrian gold and silver Philharmonic coins are one of the best investments you will buy and promise an excellent return on investment. To get the latest deals on Austrian Philharmonic coins head over to coininvest.com now to save disappointment.