The Austrian Silver Vienna Philharmonic is a silver bullion coin produced every year by national mint of Austria – the Austrian Mint. Austrian Silver Philharmonics are the first and only silver bullion coin that are denominated in euros and are attractive coins for buyers in the EU and internationally.
The Austrian Philharmonic Silver coins are 0.999 pure silver. The coin is legal tender in Austria and has a face value of 1.50 euros. It weighs exactly 1 troy ounce of 0.999 fine silver. The coins are distributed by the Austrian Mint in beautiful mint cases. Each case or box has 500 coins with 25 plastic tubes which each have 20 coins in them.
Beginning in 2008, it is now the highest minted and most well-known silver bullion coin in Europe. It is sold as a mass-produced investment coin and sold over 54 million coins during the 5-years of the global financial crisis from 2008 to 2012.
Silver Philharmonic Coins are 99.99% pure silver and so are a practical way to own physical silver. The silver price has a low correlation with the prices of most other financial assets, so physical silver ownership via Philharmonics also provides portfolio diversification and is a great form of financial insurance in an uncertain world.
The Philharmonic is produced by the Austrian Mint, one of the most reputable mints in the world, under the ownership of the Austrian Government. The purity and authenticity of the coin are guaranteed by the Austrian Mint.
Philharmonics are known and accepted by dealers around the world, making the secondary buying and selling market highly liquid due to the large trading volumes.
1oz silver coins have a much lower cost of ownership than 1oz gold coins, and so are a more cost effective way of building up a precious metals bullion coin holding.
The coins are portable and easy to transport, and its 1oz divisibility allows a partial holding, for example a tube of 20 coins, to be traded if the need arises.
Renowned internationally for its expertise in precious metal processing and coin production, the Austrian Mint is a global player in the international minting industry and ranks among the world’s leading mints.
As well as striking some of the world best-selling bullion coins including the Silver and Gold Philharmonic coins, it also mints an impressive range of collector coins and medals and indeed supply, legal tender circulation coins and blanks to many countries worldwide. But first and foremost their duty is to produce the Austria’s euro circulation coins.
With more than 800 years of coin-making experience, since 1988 the Austrian Mint has operated as a private company and is the sole manufacturer of coinage to the Austrian people. This is done from their beautiful and historic building in the centre of Vienna.
Austria’s National Bank completely owns the Austrian Mint which employs some 200 people and creates over 400 million coins every year.
|$1,500 - $54,999||$407.67||19.00%|
GoldCore offer Silver Philharmonic coins and all leading silver bullion coins and deliver in the U.S. and Canada.
We deliver silver bullion coins through fully insured international shipping services and national postal services such as Fedex and UPS.
Insured delivery in the U.S. and Canada for silver bullion coins is generally 4 to 10 working days. For certain products and during periods of high demand delivery can be a maximum of 15 working days. Insured delivery costs are competitive.
Note: Minimum order for delivery of Silver Philharmonic Coins is 20 troy ounces or one tube.
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For larger amounts or those seeking added liquidity, investors can buy Silver Philharmonic Coin “Monster Boxes” and own them in allocated and segregated storage in GoldCore Secure Storage.
GoldCore offer U.S. and Canadian clients fully insured secure storage facilities in the safest vaults in the safest jurisdictions in the world – in Delaware, Zurich, Lichtenstein, London, Hong Kong and Singapore.
New Silver Philharmonic Coins minted by the Austrian Mint are distributed in Brilliant Uncirculated condition and can be securely stored in their original tube and box packaging in which they are issued.
The Austrian Mint packages the silver maple leaf in 500 coin quantities, packaged in tubes of 20 coins per tube, with 25 tubes per box. These boxes are colloquially known as monster boxes and measure about 8” by 10” by 5”, i.e. 400 cubic inches.
Note: Minimum order for storage of Silver Philharmonic Coins is a Monster Box – 25 tubes of 20 coins per tube or 250 coins.
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Important Information Regarding the Storage of Vat Free Silver Coins.
All silver (including Silver Coins) stored in non London Vaults (Hong Kong, Singapore, Zurich) are kept in bonded warehouses. This means that your silver is not stored in a specific location for taxation purposes and VAT has not been assessed. If you decide to move your assets VAT may become payable at the applicable rates set by the country the asset is exported to.
If you are a European resident and you wish to own Vat Free silver coins and have them professionally stored, with the possible intention of taking delivery in the future you should opt to have your silver stored in our London vaults. Please note, GoldCore are not tax advisers, clients should seek the advice of their tax advisers before carrying out any transaction.
If you do not intend to take delivery of your silver, then all Storage locations are acceptable.