AUSTRIAN PHILHARMONIC GOLD COINS
Gold coins proven to be one of the most valuable assets investors can add to a retirement portfolio.
MAIN FEATURES
- .9999 fineness.
Legal tender in Austria
Backed by Austrian Government
Minted to bullion standards
Eligible for Gold IRA
About Austrian Philharmonic Gold Coins
The iconic Philharmonic Gold Coin is produced by the Austrian Mint and operates as an approved affiliate of the Austrian National Bank. These delightful collector items are meticulously crafted in pure gold and boast a fineness of .9999, the equivalent of 24 karats. These exquisite gold coins are available in various sizes and are excellent choices for diversifying retirement portfolios.
History Of The Austrian Philharmonic Gold Coins
With a history of over 1100 years, the design of the Austrian Philharmonic coin was left in the capable hands of engraver Thomas Pesendorfer, who took on the mighty task of creating the coin’s striking features. Since its initial unveiling, the design has not changed in appearance once.
The Austrian Vienna Philharmonic gold coin has been produced in Vienna since 1989, where its monetary face value is still regarded as one of the highest among gold bullion coins. Before the implementation of the Euro, the coin was expressed in Austria’s national currency, the Schilling. The World Gold Council declared the Austrian Philharmonic gold coin a global bestseller in 1992, 1995, and 1996.
Why Buy Austrian Philharmonic Gold Coins
Apart from the fact that you are purchasing a coin that is considered one of the most beautiful in its class, the Austrian Philharmonic Gold coin has also been marked as a high-value investment since it is now the only regularly-issued bUllion? coin denominated in Euros.
The coins have garnered praise from investors and collectors alike. Subsequently, the strength in value increased since it became the only bullion coin to carry monetary value in Euros. Due to its value, the Austrian Philharmonic Gold Coin has become a concomitant of the Austrian Mint.
When used in an investment portfolio, the coin's market price operates as its functioning value. A premium would be added to the market value in a sales transaction, accounting for coinage and distribution costs. In terms of its intrinsic value, the value oscillates daily following the gold spot prices.
Design Of Austrian Philharmonic Gold Coins
Austrian Philharmonic coins are identified by their distinctive design, which includes a collection of orchestral instruments associated with Vienna’s world-renowned orchestra, namely four violins, a bassoon, a cello, a Vienna horn, and a harp.
An inscription in German that reads WIENER PHILHARMONIKER (“Vienna Philharmonic”) can also be seen on this side. On its reverse, an image of the Great Organ inside the concert hall where the Vienna Philharmonic Orchestra performs is visible, along with etchings of its country of issue, weight, legal tender value in Euro, and the coin’s purity.
The face value does not reflect the actual value of the Philharmonic coins. Therefore, the purchasing and selling price is calculated per the current spot price.
IRA Investment: Austrian Philharmonic Gold Coins
The gold Philharmonic coin is one of the strongest contenders in its class. In terms of investment options, these coins are among the purest in form. It's one of the most exquisitely produced bullion pieces in the world.
Any precious metal investment for an IRA must meet minimum purity requirements as approved by the Internal Revenue Service (IRS). As the Austrian Philharmonic Gold Coin has a gold purity of 99.99%, it qualifies under the terms of the Tax Payers Relief Act 1979.
When considering an investment in gold bullion coins, an IRS-approved safe deposit is required before purchase. It remains a standard practice to maintain the security and longevity of gold coins.
It is best practice for IRS-approved agents to purchase gold coins on behalf of IRA savers. Given that the Vienna Philharmonic is widely available for purchase and has high liquidity, these gold coins are an excellent investment and a sensible choice for a Gold IRA.
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