The Austrian Silver Philharmonic, one of the most popular fine silver bullion coins produced in Europe, contains .999 pure silver. Each coin has one troy ounce of silver, and measures 37mm in diameter. The purity and weight of its silver content is guaranteed by the Austrian government, making Austrian Silver Philharmonics a solid investment the world over.
This coin, also known as the Silver Vienna Philharmonic, is minted by the Austrian Mint, which has an 800-year tradition of creating some of Europe's most beautiful coins. The Mint was founded in 1194, when England's King Richard the Lionhearted paid a silver ransom. This ransom was turned into coins for the Austrian empire. Today, the Austrian Mint is known for producing beautiful Euro coinage and breathtaking silver and gold bullion coins with expert craftsmanship.
The Austrian Philharmonic coin is highly regarded by coin collectors and precious metal investors. It is considered to be a very liquid form of silver investment because its value is recognized throughout Europe and the world. The coin itself shares its design with the Austrian Gold Philharmonic coin – the bestselling gold bullion coin in the world throughout the 1990s. The same coin has been minted in silver since 2008 in response to high demand from coin collectors and silver investors.
The design of this coin has made it one of the most popular silver bullion coins in the world. Like the Austrian Gold Philharmonic coin, it is made to commemorate the famous orchestra of the Vienna Philharmonic. The coin was designed by Thomas Pesendorfer.
The obverse carries the name of the orchestra (“Wienier Philharmoniker,” or Vienna Philharmonic) and the weight and purity of the coin – “1 Unze Feinsilber,” or “1 ounce fine silver.” This side also features an array of musical instruments, representing Austria's rich cultural and musical legacy. The reverse depicts the Great Organ in the Golden Hall of Vienna, where the orchestra performs. This site also carries information about the country of origin and legal tender value.
First released on February 1st, 2008, this coin has grown in popularity in each subsequent year. Annual production is based on demand. As a result, the earlier years of the coin are expected to become increasingly hard-to-find in the coming years as more collectors begin to assemble sets of the Austrian Silver Philharmonic. However, the Austrian Mint does not publish mintage numbers; it is unknown how many coins have been produced each year. The coins are packaged into 20-coin tubes assembled into a sealed, 500-coin Monster Box prior to leaving the mint.
The face value of the Austrian Silver Philharmonic is 1.5 euro. This is the first silver bullion coin with a face value noted in euros. However, unlike most other euro coins, these are only legal tender in Austria, rather than the full Eurozone. In addition, the actual value of the coin is many times its legal tender value.
The coin's value is based on its silver content, rather than the nominal face value. The Austrian Silver Philharmonic frequently has a lower per-coin premium over the cost of silver than comparable silver bullion coins, such as American Silver Eagles, making it a popular choice for precious metal investors. Often, the coin can be purchased for prices that are only a few dollars over the spot price of silver.