Austrian Philharmonic Gold Coins
Gold coins proven to be one of the most valuable assets investors can add to a retirement portfolio.
- .9999 fineness.
- Legal tender in Austria
- Backed by Austrian Government
- Minted to bullion standards
- Eligible for Gold IRA
About Austrian Philharmonic Gold Coins
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The iconic Philharmonic Gold Coin is solely produced by the Austrian Mint and operates as an approved affiliate of the Austrian National Bank. These delightful collectors items are meticulously crafted in pure gold and boast a fineness of .9999, the equivalent of 24 karats. These exquisite gold coins and are available in various sizes and are an excellent choice to diversify retirement portfolios.
The History of Austrian Vienna Philharmonic Gold Coins
With a history of over 1100 years, the design of the Austrian Philharmonic coin was left in the capable hands of engraver Thomas Pesendorfer, who took on the mighty task of creating the coin’s striking features. Since its initial unveiling, the design has not changed in appearance once.
The Austrian Vienna Philharmonic gold coin has been produced in Vienna since 1989, where its monetary face value is still regarded as one of the highest among gold bullion coins. Prior to the implementation of the Euro, the coin was expressed in Austria’s national currency, the Schilling. The World Gold Council declared the Austrian Philharmonic gold coin as a global bestseller in 1992, 1995 and 1996.
Why buy Austrian Philharmonic Gold Coins?
Apart from the fact you are purchasing a coin that is considered as one of the most beautiful in its class, the Austrian Philharmonic Gold coin has also been marked as a high-value investment, since it is now the only regularly-issued billion coin denominated in Euros.
The coins have garnered praise from investors and collectors alike. Subsequently, the strength in value increased since it became the only bullion coin to carry monetary value in Euros. Due to its value, the Austrian Philharmonic Gold Coin has become a concomitant of the Austrian Mint.
The market price of the coin operates as their functioning value when used in an investment portfolio. In a sales transaction, a premium would be added to the market value and accounts for coinage and distribution costs. In terms of its intrinsic value, the value oscillates daily in accordance with the gold spot prices.
Design of Austrian Vienna Philharmonic Gold Coins
Austrian Philharmonic coins are identified by their distinctive design which includes a collection of orchestral instruments associated with Vienna’s world-renowned orchestra, namely four violins, bassoon, a cello, a Vienna horn, and harp.
An inscription in German that reads WIENER PHILHARMONIKER (“Vienna Philharmonic”) can also be seen on this side. On its reverse, an image of the Great Organ inside of the concert hall where the Vienna Philharmonic Orchestra performs, is visible along with etchings of its country of issue, weight, legal tender value in Euro and the coin’s purity.
It should be noted that the face value does not reflect the actual value of the Philharmonic coins. The price for purchasing and selling is calculated in accordance with the current spot price.
Austrian Philharmonic Gold Coins: IRA Investments
The gold Philharmonic coin is considered as one of the strongest contenders in its class. In terms of investment options, which can be underlined according to the certain factors, these coins are proven to be among the purest in form. They are therefore viewed as one of the most exquisitely produced bullion pieces in the world.
Any precious metal investment for an IRA must meet minimum purity requirements, as approved by the Internal Revenue Service (IRS). As the Austrian Philharmonic Gold Coin has a gold purity of 99.99% it qualifies under the terms of the Tax Payers Relief Act 1979.
When considering an investment in gold bullion coins, an IRS-approved safe deposit is required prior to purchase and remains a standard practice of maintaining the security and longevity of gold coins.
It is best practice for IRS-approved agents to purchase gold coins on behalf of IRA savers. Given the Vienna Philharmonic is widely available for purchase and has high-liquidity, these gold coins are an excellent investment and a sensible choice for a Gold IRA.