Austria’s musically themed bullion coin series has gone platinum, and that
has nothing to do with album sales.
The Austrian Mint on Feb. 8 unveiled the Mint’s first platinum
bullion coin, a 1-ounce .9995 fine platinum coin denominated €100. The
announcement was made during the World Money Fair in Berlin.
The platinum coin joins a bullion program that began in 1989 with a
gold issue and expanded in 2008 to include silver.
The coin marks the Austrian Mint’s first platinum offering in its
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The new Vienna Philharmonic coin features the same award-winning
design by Austrian Mint head designer Thomas Pesendorfer as its gold
and silver counterparts. The coin, named for the world-famous
orchestra, depicts the organ of the Musikverein concert hall in
Vienna, the orchestra’s home, on the obverse. An assortment of musical
instruments appears on the reverse.
The move to the platinum market follows a robust 2015, when the
Austrian Mint sold twice as many Philharmonic gold coins as were sold
in 2014, according to Gerhard Starsich, CEO and chairman of the
Executive Board of the Austrian Mint.
One of the most successful bullion coin ranges worldwide, the Vienna
Philharmonic is popular with investors in Europe, Japan and North
America. The Vienna Philharmonic is produced in five different sizes
in gold, from 1 ounce to 1/25 ounce, and a 1-ounce silver size.
Special larger versions have also been issued to mark program anniversaries.
The new platinum coin will be offered throughout Europe and in other
markets, including Japan and the United States, through the Austrian
Mint’s established group of distributors. As with most bullion coins,
the Austrian Mint does not buy back coins to create a two-way market,
instead relying on dealers to supply that function.