The 1 oz Silver Philharmonic, also known as the Austrian Philharmonic or Vienna Philharmonic, derives its name from the world-famous Vienna Philharmonic orchestra founded in 1842. This is the best-selling silver bullion coin in Europe. The obverse (front) side shows the spectacular rococo pipe organ in the Vienna Musikverein's Golden Concert Hall. The words Republic Osterreich or Republic of Austria, 1 unze feinsilber, the date, and the face value of 1,50 euro appear on this side of the coin.
On the reverse, orchestral instruments are displayed: a cello flanked by two violins on either side, a French horn, a bassoon, and a harp. The words Weiner Philharmoniker (Vienna Philharmonic) and silber frame the instrumental display. These designs are by the Vienna Mint’s chief engraver, Thomas Pesendorfer.
Each coin bears a face value of €1.50, making this series the only European bullion coin with a face value in euros. These coins are legal tender, although, with the strong performance of silver in recent years, the true value is significantly higher than the face value.
The Austrian Mint first issued these coins in 2008. Minted in February, one million coins were struck within the first month, and eight million were sold by the end of the year. In the first five years of production, 54 million silver philharmonic coins were sold, making this one of the more popular silver bullion coins on the market. The popularity is perhaps due to the silver content. Each coin contains one troy ounce of silver at 0.999 fineness or 99.9% purity, and the Vienna Philharmonic was the first European bullion coin to offer 0.999 fineness, meeting a rising demand within the European market.
About the Austrian Mint
The Austrian Mint was originally founded in 1194 by Duke Leopold V. Today, Münze Österreich AG is renowned across the European Union for reintroducing precious metal coins to the Euro Zone. In addition to silver philharmonic coins, the Austrian Mint strikes gold philharmonic coins ranging from 1/25 oz to 1 oz, as well as platinum philharmonic coins. All have official face values denominated in euros.
- The first European silver bullion coin with a purity of 0.999 fineness
- The first and only silver coin with a face value in euros
- Masterpiece designs honoring one of the oldest and most respected orchestras in the world
- Minted by the Austrian Mint which has nearly 900 years of history working with precious metals
- Fully backed by the federal government of Austria and accepted as legal tender