1 oz Austrian Silver Philharmonics
Tavex is pleased to present Europe’s best selling investment silver coin, the Austrian Silver Philharmonic. Hailed for its impeccable artistic design, quality and beauty, it was the first legal tender silver coin in Europe to contain 1 ounce of .999 fine silver. First issued in 2008 by one of the world’s oldest and most renowned mints, the Austrian Mint in Vienna, the Silver Philharmonic coin encapsulates the essence of Austria’s culture.
- Austrian Silver Philharmonic coins track the price of silver. The value of Silver Philharmonics is primarily determined by their fine silver content which is linked to the prevailing price of silver.
- The price of Austrian Silver Philharmonics will rise with inflation. Silver has proven itself throughout history to be a great asset in times of high inflation, appreciating faster and higher than most other investments!
- Austrian Silver Philharmonic coins are sold with low premiums. As a partner of the Austrian Mint, Tavex is able to offer the Silver Philharmonic coin with a low mark-up premium.
- The Austrian Silver Philharmonic is liquid and internationally recognized. Despite being in production since only 2008, the Austrian Silver Philharmonic has proven to be a great hit with investors, resulting thus far in an annual average mintage of over 11 million one-ounce pieces, making its popularity comparable to that of the American Silver Eagle and Canadian Silver Maple Leaf coins.
- This coin is .999 pure silver. Austrian Silver Philharmonic coins are a great way to get this precious white metal in your hands.
- Austrian Silver Philharmonic coins are the equivalent of savings. The historical low price of silver compared to gold makes it an ideal investment either for those who wish to invest smaller amounts or for those who believe they are getting more precious metal for their “buck” in anticipation of a steeper appreciation of the price of silver compared with gold.
The mintage of Austrian Silver Philharmonic coins in 2008 was almost 8 million pieces
Austrian Silver Philharmonic coins were introduced for the first time during the height of the financial crisis in 2008. As investors were scrambling to buy hard assets, the uncertain economic environment proved to be the perfect window of opportunity for the Austrian Mint to unveil its new creation. The Austrian Silver Philharmonic coin was extremely well received by the investment community which, in the first year alone, bought 7,777,300 one-ounce pieces, or a massive 242 metric tonnes of silver. The Austrian Silver Philharmonic coin is essentially a replica of the Austrian Gold Philharmonic coin, differing only by containing silver instead of gold, portraying a smaller nominal face value, being thicker, and by the fact that the edge of the coin is polished rather than reeded. The Silver Philharmonic coin is the Austrian Mint’s first legal tender silver coin to be made of .999 fine silver and to be embellished with cultural symbols that most people can relate to: music.
The 1 oz Silver Philharmonic coin embodies classical music
The Austrian Silver Philharmonic coin is named after the world renowned Vienna Philharmonic Orchestra. The orchestra was founded in 1842 by a group of people in response to Vienna’s lack of professional orchestral organizations in the early 19th century. The orchestra was managed as an independent body by an administrative committee who were democratically elected by its musician members. The professional musicians who made up the ensemble were chosen exclusively from the Vienna State Opera where they had to have been playing for at least three years before even being considered as a potential member. To this date, the stringent recruiting process has not changed, which ensures the very highest level of artistic performance from every member of the Vienna Philharmonic Orchestra. This orchestra is today most famous for its traditional New Year’s concerts where nostalgic music from great composers is performed. These concerts have grown to become so popular that they are televised to over 90 countries, sending a message of joy for the New Year through the gracious and delightful character of music.
The Silver Philharmonic bullion coin is produced by the Austrian Mint
The Austrian Mint, a subsidiary of Austria’s Central Bank, is a world renowned mint which dates back to the 12th century. The story of the Austrian Mint begins in 1194, when Richard the Lionheart paid 12 tonnes of silver to secure his freedom from imprisonment by the Austrian Duke Leopold V. The Austrian Duke would later use the silver to strike silver coins, thus laying the foundation for the Austrian Mint. In its rich and long history, the Austrian Mint has produced many of Europe’s most famous and widely used coins, including gold crowns, guilders, ducats and silver coins such as the Maria Theresa thaler. Many of the gold coins issued by the Austrian Mint were extensively used in trade during the Austro-Hungarian Empire, while the silver thaler proved to be one of the most minted and widely used silver coins in global commerce between 1750 and the 1950s. Today, the mint is best recognised for producing Europe’s most desired investment bullion coins, the Austrian Gold and Silver Philharmonic bullion coins.
|Nominal value||Dimensions||Fineness||Product weight in grams||Silver weight in grams||Silver weight in Troy ounces|
|1.5 euro||37.00 mm||999||31.13461 g||31.10347g||1|
The Austrian Silver Philharmonic coin was first introduced in 2008 and has since then been in continuous production. The Austrian Mint is responsible for the production of the coins.
Obverse: The obverse depicts the organ of the Musikverein concert hall in Vienna. The Musikverein is home to the Vienna Philharmonic Orchestra and is considered one of the world’s foremost concert halls in terms of acoustics. Above the organ on the coin is the text “REPUBLIK ÖSTERREICH”. Inscribed below the organ is the text “1 UNZE FEINSILBER”, which means 1 ounce fine silver, as well as the purity, year of mintage and the coin’s face value of 1.5 Euros.
Reverse: The reverse displays a variety of musical instruments, including a string bass, four cellos, a bassoon, a harp and a Viennese horn. Above the instruments is the text “WIENER PHILHARMONIKER” and between the main text and the instruments is the smaller text “silber”, which translated into English means silver.
Edge: Unlike most other legal tender silver coins that have a reeded edge, the Silver Philharmonic instead has a polished blank coin edge.
Purity: The Austrian Silver Philharmonic coin contains 1 ounce of .999 fine silver. This means that the coin is exclusively made of pure silver.
Packaging: Each coin is individually packaged in a hard plastic capsule. Multiples of 20 are available in original mint-sealed tubes. For bulk purshases, we stock original Austrian Mint sealed boxes which contain 25 tubes with twenty Silver Philharmonics to a tube (500 coins in total).
When placing an order through our online shop, you can choose to have the products delivered to your local post office or to collect them in person at one of our offices in Stockholm.
Delivery by PostNord: all orders are fully insured and trackable. The package is shipped the same day after we receive your payment and will arrive to your local post office within 1-3 working days.
Self pick-up: you are welcome to come and collect your products at one of our offices in Stockholm the same day we notify you that we have received your payment.