Investors have a lot of choices when it comes to buying gold, with options ranging from cast gold bars to gold bullion coins from sovereign mints. One of the more popular gold coins in the world is the Austrian Gold Philharmonic. Introduced in 1989 by the Austrian Mint, only a handful of gold coins have been available longer than the Gold Philharmonic.
The Austrian Mint first issued the Austrian Gold Philharmonic coins in 1989. Every mint takes a unique approach to the release of its coinage, and the Austrian Mint is no different. When it debuted, the Gold Philharmonic was available only in 1 oz gold and 1/4 oz gold options. Over the course of time, the Austrian Mint expanded the collection to include the following options (debut year):
The focus of the designs in the Austrian Gold Philharmonic series is on the Vienna Philharmonic Orchestra. One of the finest orchestras in the world, the Vienna Philharmonic was officially formed in 1842. However, informal orchestral performances were commonplace in the Austrian capital city of Vienna as early as the early 1830s.
The Austrian Mint turned to Chief Engraver Thomas Pesendorfer for the design of its official gold bullion coin. In 1989, Mr. Pesendorfer came up with a design that reflected the cultural pride Austrians have in their beloved orchestra. The following details highlight the designs of the Austrian Gold Philharmonic Coin:
Like the American Gold Eagle and Canadian Gold Maple Leaf, the designs of the Austrian Gold Philharmonic never change. The Austrian Mint has continued with these designs since 1989, and each has become so popular that the mint maintains their use on the Austrian Silver Philharmonic (2008) and Austrian Platinum Philharmonic (2016).
All coins in the Austrian Gold Philharmonic series feature .9999 pure gold content. The face value of the coins when originally introduced in 1989 was marked in Austrian Shillings, the nation’s official currency until 2002. Coins issued from 1989 to 2001 had the following face values:
The 1/25 oz coin was never issued during the era of Austrian Shillings. As of 2002, the Austrian Mint has issued the Austrian Gold Philharmonic coins with a face value in Euros following the adoption of the European Union’s common currency. The new face values included the following:
The Austrian Gold Philharmonic coin is struck, like many other gold bullion coins, to meet the demand for gold among investors. As such, the Austrian Mint experiences fluctuations in mintage corresponding to the demand for gold coins. With that said, certain years have garnered much greater demand for the coin than others in its history. For example, the 1990 Gold Philharmonic was the best-selling coin in Europe and the second-best-selling coin in the world. Other high-mintage years include 1992, 1995, 1996, and 2000. In each of those years, the Austrian Gold Philharmonic coin was the best-selling gold coin in the world.
The Austrian Mint does not issue the Gold Philharmonic coin in a proof collectible version, but that doesn’t mean that unique offerings haven’t been made since 1989. The following are two coins which were offered for a limited time with the Austrian Gold Philharmonic design:
The 1/25 oz Austrian Gold Philharmonic coin was originally intended as a 25th Anniversary coin as well when it was introduced in 2014, however, the Austrian Mint has maintained the coins in the collection as a result of the popularity of smaller fractional-weight coins in gold collections.
While the Austrian Gold Philharmonics are the official gold bullion coins of the modern Republic of Austria, the Austrian Mint has a rich history of striking gold coins for circulation and collectible purposes. In fact, it has issued gold coins in the recent past that predate the arrival of the Austrian Gold Philharmonic, but were also not intended as circulation coins. Examples of other Austrian gold coins include those of the Ducat and Austrian Schilling denominations, as well as commemorative restrikes and celebratory gold coins marking major milestones in the history of Austria and/or the Austrian Mint. For example:
If you’re looking to buy gold, the Austrian Gold Philharmonic has proven time and again to be one of the most popular. If you have questions, feel free to reach out to JM Bullion at 800-276-6508 with your inquiries. We’re also available online using our live chat and email address options.