Austrian Vienna Philharmonic Silver 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
- Annual mintage
- Minted to highest bullion standard
- Eligible for Silver IRA
About Austrian Vienna Philharmonic Silver Coins
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The Austrian Silver Vienna Philharmonic is a superb series of silver coins designed and produced by the Austrian Mint. The coins are specially designed as a mass production investment opportunity that offers investors an opportunity to increase the security of your savings. Thanks to its 99.99% pure silver content the silver Philharmonic coins qualify for inclusion in IRA investment portfolios.
History of the Austrian Silver Vienna Philharmonic Collection
The unique silver Austrian Vienna Philharmonic Collection was first manufactured in 2008 and featured the same design as the original gold coins first minted in 1989. The design features an illustration of Vienna’s famous orchestra and was realized by the Austrian Mint’s legendary engraver Thomas Pesendorfer.
The world-renowned orchestra is synonymous with the Viennese Waltz, made famous by the Strauss family. Austria is particularly proud of its cultural contribution to the world, and celebrates the orchestra with equally exquisite precious metal bullion coins.
Prior to the enigmatic design appearing on bullion coins, it was used on the countries schilling and was the first design to appear on a Euro coin when countries in the EU made the switch from their legacy currencies. Also known as “the Phili” in the bullion world, the Austrian Vienna Philharmonic silver coins are a favourite among collectors and investors alike.
Why Buy Austrian Silver Vienna Philharmonic Coins
The popularity of the Austrian Silver Philharmonic has grown year by year since its first release in 2008. Coincidentally, that was the year the world experienced the worst financial crash since 1929, and investors consequently looked for prospective value in precious metals. As the Austrian Silver Philharmonic was already in production, it was able to attract investors and demand increased at a rapid rate.
The Austrian Mint has been a private company since 1989, but still produces all of the country’s coinage, as well as blanks for other countries. Its refining processes are of the highest quality and at its peak, the Silver Austrian Vienna Philharmonic coins were produced at a level nearing 18 million pieces.
The Austrian government employed the Mint to switch from the Austrian schilling to the Euro in 2002, and it has produced the Austrian Silver Philharmonic since 2008. Using advanced engineering techniques, the silver bullion coins boast a .9999 fineness which qualifies for inclusion in Individual Retirement Accounts in the US.
Design of Silver Austrian Philharmonic Coins
The obverse, or front, of the Austrian Silver Vienna Philharmonic coin depicts a range of string instruments around the central violoncello. At either side of the cello’s neck are a French horn, a bassoon and a harp. The instrument are key to the enigmatic sounds associated with the world famous Viennese Philharmonic Orchestra.
On the reverse, or “tails” side of the coin is a depiction of the superb pipe organ which is the centrepiece of the Musikverein, the home of Austria’s national Viennese Philharmonic Opera. Both of the designs are exquisitely rendered, and give the coins numismatic value that appeals to collectors.
Austrian Silver Vienna Philharmonic Collection Coins: IRA Investment
As the quality of the silver used in the Austrian Vienna Philharmonic collection is of the highest purity, the coins are eligible for IRAs in accordance with the Tax Payer’s Relief Act 1979. The IRS has strict rules which state precious metals investments intended for retirement plans must be of the highest quality.
The Austrian Mint has shown its Vienna Philharmonic silver coins represent a great investment opportunity. These superb bullion coins are a store of wealth and an excellent opportunity to expand and diversify your retirement investment portfolio.
Silver is also a reliable investment and used by professional traders to hedge against other commodities that typically lose value during a downturn in the economy. During times of a financial slowdown, silver increases in value and silver coins like the Austrian Vienna Philharmonic represent a store of value that should not be missing from any investment portfolio.