About Austrian Vienna Philharmonic Silver Coins
The Austrian Silver Vienna Philharmonic is an excellent series of silver coins created by the Austrian Mint. The coins are specifically designed as a mass production investment opportunity that allows investors to increase the security of their savings. Thanks to its 99.99% pure silver content, the silver Philharmonic coins qualify for inclusion in IRA investment portfolios.
History of the Austrian Silver Vienna Philharmonic Collection
The unique silver Austrian Vienna Philharmonic Collection was first produced in 2008 and presented the same design as the original gold coins first minted in 1989. The design illustrated Vienna's famous orchestra and was realized by the Austrian Mint's legendary engraver Thomas Pesendorfer.
The world-renowned orchestra is synonymous with the Viennese Waltz, made famous by the Strauss family. Austria is incredibly proud of its cultural contribution to the world and celebrates the orchestra with equally precious metal bullion coins.
Before the enigmatic design appeared on bullion coins, it was used on the country's schilling and was the first design to appear on a Euro coin when countries in the EU made the switch from their legacy currencies. Also known as "the Phili" in the bullion world, the Austrian Vienna Philharmonic silver coins are a favorite among collectors and investors.
Why Buy Austrian Silver Vienna Philharmonic Coins
The distinction of the Austrian Silver Philharmonic has increased year by year since its first release in 2008. Coincidentally, that was when the world experienced the worst financial crash since 1929, and investors consequently looked for prospective value in precious metals. As the Austrian Silver Philharmonic was already in production, it was able to attract investors, and demand grew at a rapid rate.
The Austrian Mint has been a private company since 1989 but still produces the country’s coinage and blanks for other countries. Its refining processes are of the highest standard, and at its peak, the Silver Austrian Vienna Philharmonic coins were produced at a level nearing 18 million pieces.
The Austrian government employed the Mint to switch from the Austrian schilling to the Euro in 2002, and it has produced the Austrian Silver Philharmonic since 2008. The silver bullion coins boast a .9999 fineness which qualifies for inclusion in Individual Retirement Accounts in the US.
Design of Silver Austrian Philharmonic Coins
The obverse, or front, of the Austrian Silver Vienna Philharmonic coin represents a range of string instruments around the central violoncello. In addition, a French horn, a bassoon, and a harp are on either side of the cello’s neck. The instrument is key to the enigmatic sounds synchronized with the world-famous Viennese Philharmonic Orchestra.
On the reverse, or “tails” side of the coin, is a depiction of the superb pipe organ, which is the centerpiece of the Musikverein, the home of Austria’s national Viennese Philharmonic Opera. Both designs are perfectly rendered, giving the coins numismatic value that appeals to collectors.
Austrian Silver Vienna Philharmonic Collection Coins: IRA Investment
As the quality of the silver used in the Austrian Vienna Philharmonic collection is of the highest purity, the coins are eligible for IRAs following the Tax Payer’s Relief Act 1979. The IRS has strict rules which state precious metals investments intended for retirement plans must be of the highest quality.
The Austrian Mint has shown its Vienna Philharmonic silver coins represent a great investment opportunity. These brilliant bullion coins are a store of wealth and an excellent chance to increase and diversify your retirement investment portfolio.
Professional traders also use silver as a dependable investment to hedge against other commodities that typically lose value during an economic downturn. Conversely, during a financial slowdown, silver increases in value, and silver coins like the Austrian Vienna Philharmonic represent a store of value that should be included in any investment portfolio.
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