European Gold Coins
European Gold Coins and Commemorative Coins
Many member states of the European Union (Eurozone) produce bullion and commemorative coins in various precious metals, but especially gold. Many of these European gold commemorative coins are produced by official government mints and are legal tender within the borders of the country that issued them. Note that this is different from other Eurozone coins, which are legal tender throughout the entire European Monetary Zone. These gold bullion coins are usually produced in low numbers and are very collectible, in addition to their worth due to the high value of gold contained in each piece. Because they are rare, it is often difficult to buy European gold bullion coins outside of the Eurozone as collectors and bullion investors quickly gobble them up. One startling exception to this rule, however, is the Austrian Gold Philharmonic, which enjoys world-wide distribution and is one of the premier world gold coins on the market.
The Austrian Gold Philharmonic
Manufactured in 99.99% (four-nines) gold by the storied Austrian Mint in Vienna, the Austrian Gold Philharmonic is one of the most famous gold bullion coins on the market. Indeed, it is estimated that the Gold Philharmonic was the most heavily-purchased gold bullion coin in 1992, 1995, and 1996. The Gold Philharmonic has been produced in four different weights, though the 1 Ounce Gold Philharmonic always sees the highest mintages. A wide variety of designs has been employed on Austrian commemorative gold coins, all highlighting different eras of Austrian history or different aspects of Austrian culture.
Design of the Gold Austrian Philharmonic
Obverse: Image of the Great Organ in the Golden Hall of the Musikverein, the concert hall of the Vienna Philharmonic Orchestra. Face value, weight, and purity also displayed.
Reverse: A variety of musical instruments, representing the famed Vienna Philharmonic Orchestra.
Older versions of the Austrian Gold Philharmonic had their face value displayed in Schillings, the Austrian unit of currency before 2002. Since adopting the Euro, face values of post-2002 Gold Philharmonics are stated in Euros. Austrian Silver Philharmonics have been produced since 2008 and share the same design as the Gold Philharmonic.
Buying European Gold Coins Online
Though the Austrian Gold Philharmonic is the most widely-available European gold bullion coin, investors and especially collectors do seek other European commemorative gold coins, which have been produced by a host of nations throughout the years. However, the Austrian Gold Philharmonic has such high mintages that its numismatic value is not as high, making the coin less expensive than some of its rarer counterparts. Investors who buy gold coins online often include large numbers of Austrian Gold Philharmonics in their collections as the premium they pay above the current gold spot price is low, especially for a gold bullion coin. This fact makes buying Austrian Gold Philharmonics online a cost-effective way to boost a gold bullion portfolio with some historic and beautiful coins. CBMint is the best place to buy gold coins online -- should you have any questions about buying gold bullion coins online from CBMint, do not hesitate to Contact Us, or call CBMint toll-free at 1-866-300-0504.