Vienna Philharmonic 1oz Silver Coin 2017

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Vienna Philharmonic 1oz Silver Coin 2017 - Front

40 Coins left
Weight: 31.10 g
Purity: 999/1000
Country: Austria
Mint: Austrian Mint
Packing: Single in bag; 20 per Tube
Masterbox: 500
Grading: Mint State; Uncirculated
Tax: Taxfree acc. to article 17(1)3 Est. VAT Act
Currently not available
Sell back price: € 21.77
Product Description

The 2017 Vienna Philharmonic 1oz silver coin is available. The Vienna Philharmonic  is by far the most popular silver coin in Europe and is issued by the Austrian Mint. With a fine content of 999.9 the Philharmonic is one of the purest silver coins on the market today.

Size, Weight and Alloy

The Vienna Philharmonic has a fine content of 99.9 percent silver, with a fine weight of one ounce. The diameter is 37.00 mm and the thickness of the silver coin is 3.20 mm. The nominal value of 1.50 euros does not reflect the true value of the coin, but the silver coin is issued as legal tender in Austria.

The Vienna Philharmonic 1oz silver coin is made exclusively of silver and does not contain any other alloying metal.

Size

Fine Weight

Diameter

Thickness

Nominal value

1oz

31.103 g

37.00 mm

3.20 mm

1.50 Euro

Appearance

The 2017 Vienna Philharmonic has an edge bar and a rippled edge. The edge bar makes a coin more stable, improves stackability, and also protects the motif from damage. The appearance of the Vienna Philharmonic Silver coin has not changed since the first gold edition in 1989. Amongst other things, this is one of the strengths of the Vienna Philharmonic.

Front (Avers)

The motif of the Vienna Philharmonic silver coin is dedicated to the famous Austrian orchestra. The design shows eight classical music instruments from the internationally renowned ensemble. There are two violas, two violins, a harp, a bassoon, a horn and a large cello in the middle. The words "Wiener Philharmoniker" and the metal "Silber" are imprinted on the front.

Backside (Lapel)

The value side depicts the great organ found inside the famous Golden Concert Hall in Vienna. Below the great organ is the balcony which reaches to the outer edge of the coin. The official face value of 1.50 Euro, the year "2017", the weight "1 ounce" and the transcription "Republik Österreich" are inscripted on the reverse side.

The motif was designed by chief engraver Thomas Pesendorfer of the Austrian Mint and has not been changed since 2008. Only the year of mintage changes on the back of the coins.

Story

The Vienna Philharmonic was founded in 1842 and is based at the musikverein in Vienna. At that time, professional musicians joined forces for a concert orchestra in Vienna for the first time. Today the Vienna Philharmonic is one of the world's leading orchestras. The annual New Year's concert is broadcast annually in 70 countries and viewed by a million-fold audience.

In 1988 a law amendment allowed the minting of pure gold coins. At that time the Gold Maple Leaf (1979) and the American Gold Eagle (1986) were the primary gold coins available to western Investors.  There was a market opportunity for the Austrian Mint as no pure European gold investment coin existed. (The Britannia was coined since 1987, but only with 22 carats).

In the search for a suitable motif, the choice fell on world famous "Wiener Philharmoniker". The Gold Philharmonic was introduced on October 10th, 1989. In the first year of mintage more than half a million pieces were coined.

Beginning in 2002 the demand for Silver coins in Europe grew rapidly. Maple Leaf and American Eagle silver coins were imported into Europe in the high millions. As a result, in 2008 the Austrian Mint decided to introduce the Silver Vienna Philharmonic.  The Vienna Philharmonic was an instant success and has become the most popular silver coin in Europe.

Since 2017, the Vienna Philharmonic has been issued in a new packaging. The coin tubes now have a special security seal (from 20 pcs.). Orders of 500 coins are delivered as usual in the Masterbox, which is now made from a sturdy hard plastic instead of cardboard.

Manufacturer

Based in Vienna, the Austrian Mint is one of the oldest mints in the world and is responsible for manufacturing the Vienna Philharmonic. In 1989, when the Vienna Philharmonic Gold coin was introduced, the mint was converted into a Plc. and subsequently sold to the Austrian National Bank.

Since 2002, the Austrian Mint has been responsible for the minting of the Austrian Euro. Its main products include the Vienna Philharmonic in gold and silver. The Austrian Mint dates back to 1397.

Advantages and Disadvantages

  • The Vienna Philharmonic is one of the most famous and internationally recognized investment coins.

  • The Vienna Philharmonic is easy to buy and sell at most bullion dealers around the world.

  • In principle silver is more volatile than gold, which is why silver should be bought carefully.

  • The Vienna Philharmonic has a beautiful intricate design along with a high fineness of 999/1000.

  • The 1oz Silver Vienna Philharmonic carries a low premium.

  • Because of the purity, the Vienna Philharmonic is very sensitive to scratching. It is advisable to keep the coin in its protective case.

  • As with all investment silver coins in Germany, the disadvantage is the value added tax of 19%. In contrast, investment gold coins are exempt from VAT in Germany. In our Estonian branch, you can buy the Vienna Philharmonic Silver VAT free

Details

Country of origin: Austria
Manufacturer: Austrian Mint
Weight: 31.103 g
Fine content: 999/1000
Fine weight: 1oz
Scratch resistance: poor
Denomination: 1.50 Euro