1 Ounce Vienna Philharmonic gold coin
Vienna Philharmonic Gold One Ounce (Troy Ounce): The king of investment coins and the best-selling size. First introduced in 1989 along with the 1/4 ounce version, it contains a full ounce of gold (31.1 grams). The troy ounce is a unit of weight in the precious metals trade and the classic weight for bullion coins. It has a face value of 100 euros.
First issued in October 1989, the Vienna Philharmonic gold coin is the most successful investment coin in Europe. According to the World Gold Council, it was the best-selling gold coin in the world in 1992, 1995, 1996 and 2000.
History and design of the coin
Since November 1998, a change in Austrian law has allowed the issuance of pure gold coins for investment purposes. Thus, the idea of designing a gold coin symbolizing Austria was born.
The coin was designed by Thomas Pesendorfer, chief engraver at the Austrian Mint. He chose eight characteristic orchestral instruments for the reverse: four violins on either side of a cello in the foreground and the Vienna horn, bassoon and harp in the background. The obverse depicts the famous pipe organ from the Goldener Saal of the Vienna Musikverein, recognized worldwide as the backdrop to the Philharmonic's New Year's Eve concerts. The organ case was designed by the architect Theophil von Hansen, who was responsible for the entire building. The original organ was built by Friedrich Ladegast in 1872 and since then the organ has been renovated and replaced on various occasions, the last being in 2011. Visually, the organ body remains unchanged despite the technical changes. Above the organ, the words "Republik Oesterreich" stood in a semicircle, while the weight and fineness of the coin, with the date of issue below, stood below the organ balustrade. The coin's face value appears on the lower edge. The edge of the coin is reeded.
Exempt from VAT!
We are providing LBMA gold products only! London Bullion Market Association, the global trade association that represents the wholesale over-the-counter (OTC) gold and silver bullion market. It establishes the industry standards and administers the daily benchmark prices for gold.
