1oz Philharmonic Gold Coin
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1oz Philharmonic Gold Coin

AUD$1733.31
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World's biggest selling gold coin
The Austrian Mint’s Gold Philharmonic 1oz gold coin is the globally recognised official gold bullion coin of Austria, and indeed synonymous with Europe as a whole. As legal tender, their weight and purity are guaranteed by the Austrian Government. The one-troy ounce size has a nominal face value of EUR100 and is guaranteed to contain one troy ounce of 99.99% pure gold (= 24 carat).

The gold coin depicts a harmonious assortment of musical instruments, including a string bass, cellos, violins, a bassoon, a harp and a Viennese horn, on its reverse. The obverse of the coin shows the great organ of the Musikverein concert hall in Vienna, the orchestra’s home.

Coins are a popular choice of bullion given their legal tender status (Government backing of the coin and its metal content), often smaller in size (making for easier disposal in the event of large price increases), international recognition (no fuss tradability overseas) and portability. Another common advantage is mintage limits on many government minted coins meaning a “collectible” premium can often be realised. Caution should be exercised in buying coins over bars for your Super as they can be classified as a collectible and need special storage/ insurance requirements. Refer to the ATO or your advisor for more information.
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