The Vienna Philharmonic, often shortened to Philharmonic, is a bullion coin produced by the Austrian Mint. It comes in three different metals: gold, silver, or platinum. The Austrian Platinum Philharmonic coin is a popular bullion coin first produced in 2016 by the Australian Mint with their traditional Philharmonic design. This blog talks about the brief history and evolution of the coin.
Introduced a one-ounce platinum coin with a face value of 100 euros. The coin was created to complement the already successful Gold and Silver Philharmonic coin series.
Design
The obverse (front) side of the Platinum Philharmonic coin features the Great Organ of the Golden Hall in Vienna's Musikverein, which is home to the Vienna Philharmonic Orchestra. The reverse (back) side depicts a range of musical instruments, including the cello, violin, harp, Vienna horn, and bassoon, representing the renowned orchestra.
Denominations and Specifications
The Platinum Philharmonic coin is denominated in euros. The initial release in 2016 featured a 1-ounce coin with a face value of 100 euros. The coin has a fineness of 999.5, meaning it is composed of 99.95% pure platinum. It has a diameter of 37 mm and a thickness of 2.8 mm.
Popularity and Expansion
Since its introduction, the Austrian Platinum Philharmonic coin has gained popularity among investors and collectors worldwide. Its elegant design, high purity, and association with the prestigious Vienna Philharmonic Orchestra have contributed to its appeal. Due to its success, the Austrian Mint expanded the series in subsequent years, introducing additional sizes to accommodate different budget preferences.
Additional Sizes
In 2017, the Austrian Mint introduced a 1/4-ounce platinum Philharmonic coin with a face value of 25 euros. This smaller size made the coin more accessible to a wider range of investors. In 2019, the mint further expanded the series by introducing a 1/10 oz Platinum Philharmonic coin with a face value of 10 euros.
Limited Editions
The Austrian Mint has occasionally released limited-edition versions of the Platinum Philharmonic coin. These special editions often feature unique designs, private marks, or proof finishes, making them highly sought-after by collectors.
Legal Tender and Investment
The Platinum Philharmonic coin holds legal tender status in Austria, which means it is backed by the Austrian government. However, its market value primarily derives from its precious metal content rather than its face value. According to Austinlloydinc, investors and collectors value the coin for its platinum content and potential as a long-term investment.
Conclusion
The Austrian Platinum Philharmonic coin has established itself as a prominent choice among platinum bullion coins, offering both investment appeal and aesthetic value. Its association with the world-renowned Vienna Philharmonic Orchestra and the Austrian Mint's reputation for craftsmanship have contributed to its enduring popularity in the precious metals market.