The Austrian Silver Philharmonic is a .999 pure silver coin produced by the Austrian Mint. One of the finest silver bullion coins minted in Europe, it contains a full troy ounce of silver. Its weight and silver purity has been guaranteed by the Austrian government. This makes the coin one of the most trusted methods of purchasing silver bullion.
The Austrian Silver Philharmonic is also called the Silver Vienna Philharmonic. It is minted by the Austrian Mint, which was established in 1194 to produce coins from a silver ransom paid to the Austrian empire by King Richard the Lionhearted of England. For more than 800 years, the Austrian Mint has been known for producing some of the most beautiful coins in the world. Today, the Austrian Mint creates Euro coins as well as silver and gold bullion coins, each with a breathtaking artistic design carried out with expert craftsmanship.
This coin is highly prized by coin collectors and silver investors alike. Because of the high status of the Austrian Mint, its value is recognized around the world, making this a very liquid form of owning physical silver.
The Silver Philharmonic is identical to the Austrian Gold Philharmonic coin, which was the world’s bestselling gold bullion coin throughout the 1990s. The silver version was introduced in 2008, the response to high demand from silver investors. Each Silver Philharmonic contains one troy ounce of silver, and is 37 millimeters in diameter.
These coins have an immensely popular design featuring a musical theme. Both the Silver and Gold Philharmonic coins are created to celebrate Austria’s musical legacy, and feature the famous Vienna Philharmonic orchestra, with a design by Thomas Pesendorfer. The obverse lists the orchestra name (‘Wienier Philharmoniker,’ or Vienna Philharmonic) and the coin’s metal purity and weight, “1 Unze Feinsilber” (1 ounce fine silver). This side also depicts a variety of musical instruments. The reverse shows the Great Organ in Vienna’s Golden Hall, along with listing information about the coin’s legal tender value and country of origin.
Initially minted in February of 2008, this coin has been produced in increasing numbers for each subsequent year due to its growing popularity among collectors. Each year’s production rates are based on expected demand. The coin’s earlier years are already becoming harder to find, even through precious metal dealers, as more collectors begin assembling full sets of the Austrian Silver Philharmonic. The Mint does not announce its mintage rates; it is not known how many of the Silver Philharmonic are minted every year.
Once minted, the coins are placed into 20-coin tubes. These are then stacked in a 500-coin Monster Box, which is sealed before it leaves the mint.
Each Austrian Silver Philharmonic carries a face value of 1.5 euro, making it the first silver bullion coin to carry a Euro face value. However, the actual value of the coin is far higher than this amount, and is based on the value of the silver it contains, rather than this symbolic face value.