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2008 Austrian Vienna Philharmonic Coin - .999 Pure Silver (First-Year-of-Issue)

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Beautiful 99.9% Pure Silver Coin !!!, September 5, 2008

By	European (Monte-Carlo, Monaco) - See all my reviews

This review is from: 2008 Austrian Vienna Philharmonic Coin - .999 Pure Silver (First-Year-of-Issue)

Austrian Philharmonic One Ounce Silver Coins
A new release for 2008 from the Austrian Mint, a one ounce Philharmonic using silver with a purity of 99.9%.
The Silver Vienna Philharmonic was released on Friday 1st February 2008

Denomination
The denomination, or face value, is 1.50 Euro.
The Austrian Mint explains:
"The face value of a bullion coin is appreciably lower than the value of its metal content. The somewhat unusual face value of 1.50 Euro on the new coin is explained by the fact that both the 1 Euro and 2 Euro are reserved for ordinary circulation in Europe."

Design
The design of the silver Vienna Philharmonic is almost identical to the gold philharmonicas, that has been produced since 1989. The only noticeable differences are the words "1 Unze Feinsilber" on the obverse, "Silber" on the reverse, and the fact that the silver version has a smooth edge.

Obverse
The great organ in the Golden Hall in Vienna's concert hall (Musikverein) is the theme for the obverse side of the coin. This is the home of the Vienna Philharmonic Orchestra. Also featured on this side are the face value in Euros plus the weight, fineness and year of issue.

Reverse
A harmonious design of musical instruments representing the world famous Vienna Philharmonic Orchestra. WIENER PHILHARMONIKER and the word "Silber

What lies behind this decision by the Austrian Mint?
The Mint Master Dietmar Spranz explains: "A good producer listens to the market. The addition of a silver ounce to our bullion programme was a quite logical step, and it once again demonstrates the Austrian Mint's competence in precious metals."

The new coin is one troy ounce (31.103 g.) of .999 fine silver. Its design is almost identical to its golden counterparts. Apart from the inscription "1 Unze Feinsilber" under the representation of the organ in the Golden Hall, the word "Silber" appears on the orchestra side of the coin in small lettering above the cluster of musical instruments. The coin also has a smooth edge.

Traditionally the denomination of a bullion coin is appreciably lower than the value of its metal content. The somewhat unusual face value of 1.50 Euro on the new coin is explained by the fact that both 1 Euro and 2 Euro are reserved for ordinary circulation coinage in Europe.

Dietmar Spranz: "The face value of a bullion coin, however essential, is largely symbolic. Such coins are certainly legal tender in their country of origin, but they are never intended as means of payment. The one ounce silver Vienna Philharmonic is an investment in precious metal."

Most investment advisors have always recommended the holding of part of one's investments in precious metals. Such holdings serve as a store of value against inflation and the fluctuation of other investment vehicles like stocks and shares or real estate. Bullion coins have the advantage of being portable, easy to store and of being actively traded 24 hours a day around the world.

Coins carry their official guarantee minted on them. They allow holders the flexibility of buying or selling silver or gold in any quantity they require, large or small.

The "Vienna Philharmonic" gold coins have long gained an international reputation for beauty and reliability. The silver "Vienna Philharmonic" is all set to follow in the footsteps of its successful golden counterparts.

Specifications
Denomination 1.50 Euro
Diameter To Follow
Silver Content 999 / 1000
Total weight 31.22 grams
Fine weight 31.10 grams
Fine weight 1.0027 ounces troy.

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