Looking for ways to build up your investment? Are you looking for ways to diversify your investment? Gold has been accepted as a good investment vehicle against economic and dollar threats. According to research, aside from gold jewelries, people are very much interested in coin investing. Many people like the idea that coins are easy to transport and to store. Not only that, coins was used in the circulation since time immemorial. Having that said, they are witness to the rise and fall of empires and civilization.
Austria is known for its history, class and beauty. It is one of the wealthiest countries on earth. Along with its rich history, the diversity of the Austrian coins is affluent. The Austrian coins ranges from the ducats, schillings, coronas, florins and the philharmonics. The Philharmonic gold bullion coins are the point of this discussion. Let us talk about its characteristics and the reasons you should invest in these coins and how to find a good deal on these precious coins.
Special Characteristics Of The Coin
Ordinarily, these coins have an actual gold content of 1.0 troy ounce or 31.103 grams. It has a diameter of 37 mm. Presently, its face value is 2000 schillings or 100 euro. It is minted in different sizes. You can choose from 1/2, 1/4 and 1/10 ounce sizes of Austrian Philharmonic.
The Philharmonic is struck in 24-karat pure gold. Its design is like no other. It features the great musical instruments in the Vienna's concert hall on its obverse. The concert hall is home of the infamous Vienna Philharmonic Orchestra. Included in the musical organs are the string base, cellos, violins, a bassoon, harp and Viennese horn.
Furthermore, it is considered as a famous gold coin in Europe. In 2008, during the global financial crisis, the sales of the Philharmonic surge higher than the American Eagles and The Krugerrands. People turn to gold as it is a great protection against economic threats and inflation.
Coin Anniversary
To mark the 15th anniversary of the coin, in 2004 the Austrian issued a 1000 gold coin. Fifteen coins were struck, each has a face value of 100,000 euros. Within two weeks of offer, all fifteen were sold out. The said coins were featured as the world's largest gold coin in the famous Guinness Book of World Records.
Investing In Austrian Philharmonic
The Philharmonic bullion coins are available online. They are very inexpensive. They are cost-efficient as well. They are great addition to your investment portfolio. The coins are backed by the Austrian government. Similar to the American gold eagles, which are guaranteed by the US government. Moreover, the coins are widely accepted. If you feel that you are ready to let go of these precious pieces, it is easy to sell as many collectors and investors are willing to pay the price just to add these incredible items to their collection.
Buy only from a trustworthy merchant. Research first the price of the coins in the global market and try to compare prices from one merchant to another to be sure that you are making a good purchase.
The Austrian Philharmonic gold coins are one of the most striking and well designed in the world. If you are looking for a good investment vehicle to venture on, invest in these coins because they are not that expensive and it comes from a glamorous and historic country. Above are facts that you may want to know about the Austrian Philharmonic.
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