Wednesday, January 19, 2011

Austria: Vienna Philharmonic (piece of gold bullion)

Do you like Austria, its chocolate, Viennese waltzes and its famous composers? You'll love her gold bullion coin: the "Vienna Philharmonic". The only gold coin of an ounce, of the euro area.

Marketing of gold coins in 1989 by the Austrian Monetary Institute, the "Vienna Philharmonic" bullion coin is known that early success with an appreciative crowd: in 1992, 1995 and 1996, it is the room's best-selling bullion by World Gold Council. Yet relatively little known to the general public until now, this piece has many qualities if you want to invest in gold or diversify your acquisitions.

All parts are issued by the Monetary Institute which is located in Vienna, public body attached to the Austrian National Bank. For the anecdote, the Austrian Mint has been operating since 1194 and the building in which the parts are produced is the same since 1837!

The piece is available in 4 different versions: 1 ounce, ½ ounce, ¼ ounce and 1 / 10 ounce. In 2002, the denominations are published in Euros. They were then edited by Schillings. Please refer to table below to find the correspondences between the two currencies.