Homepage / Bullion Coins: Austrian Bullion
The Austrian Mint produces Austrian bullion coins, also known as the Austrian Vienna Philharmonic bullion coins.
The Austrian Mint also issues all Euros for the country, fractional coins, commemorative collector coins, and it produces blanks for other countries minting facilities.
Three years after the introduction of the Vienna Philharmonic Gold Bullion coin, in 1992, it became the World's bestselling bullion coin.
In 1194, Duke Leopold VI of Austria, who was on his way back from the crusades, was paid 15 tonnes of silver by Richard the Lionheart.
Richard had been captured and imprisoned by the Duke Leopold in retaliation for a previous crime, he paid the bounty to secure his release from prison. Duke Leopold decided to strike coins from the silver, making these coins the first to be minted in Vienna, Austria.
The mint was originally located near the Hoher Markt, then relocated to the Wollzeile, then in the 19th century, the Austrian Mint moved to its present home at Heumarkt, in central Vienna.
Although other mints were established across Austria, the Vienna Principal Mint became the sole mint when the Republic of Austria was founded in 1919.
The Austrian Mint is the official minting authority of the Republic of Austria and it became a subsidiary of the Austrian National Bank in 1989, as the Austrian Mint AG.
With 800 years of history behind it, the mint is situated in the heart of Vienna. Before the Euro and Schilling were minted there, during the era of the monarchy, Crowns, Guilders, and Ducats were produced at the Austrian Mint.
The Golden Hall is also known as the Großer MusikvereinssaalIt, and it is home to the famed Vienna Philharmonic Orchestra.
The Golden Concert Hall was built on a piece of land given by Emperor Franz Joseph, it opened on January 6, 1870,
The hall's historic organ was installed by the Austrian firm, Rieger, in 1907.
The Golden Hall, is forty-eight meters long, nineteen meters wide, and eighteen meters high, it has 1,744 seats and standing room for 300.
The Golden Hall is famous for its amazing acoustics, and it is considered to be one of the finest concert/opera venues in the world.
Vienna's New Year's Concert is held there, every year.
The 'Golden Hall' is the subject of the Austrian Gold, Silver, and Platinum Vienna Philharmonic bullion coin's obverse side.
Obverse Side of the Austrian Vienna Philharmonic Bullion Coins
Source: The Austrian Mint
The "Face Value" of a bullion coin, does not represent the 'Intrinsic value' coins.
For instance, the 'face value' of a 1oz. Vienna Philharmonic
silver bullion coin is 1.50euros, whereas the 'intrinsic value' of the
coin is the current spot price of silver, plus a small premium.
Austrian Bullion Coins are bought and sold based on the current market spot price of gold, silver or platinum, plus a small premium to cover minting, handling, distribution, and marketing costs.
Philharmonic Gold, Silver and Platinum Bullion coins are known for
having one of the lowest premiums, among investment bullion coins.
Austrian Mint and Austrian Bullion Coins
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