Discover the Benefits of Austrian Silver Philharmonic Rounds

  • Austrian silver Philharmonic rounds are .999 fine silver.
  • The coins were first introduced to the market in 1989 and feature the image of an Angel playing a double bass, the Vienna Philharmonic Orchestra, and the Austrian coat of arms. These coins are minted by the Austrian Mint and are .999 fine silver.
  • They also feature Austrian's coat of arms, the Angel playing the double bass, and the year the coins were issued.

Austrian silver Philharmonic rounds have a rich history. These coins were first minted in 1989 and feature the image of an Angel playing a double bass, the Vienna Philharmonic Orchestra, and the Austrian coat of arms. They depict the city's old town, the Wiener Rathaus, and the Vienna State Opera.
These coins are minted by the Austrian Mint and are .999 fine silver. They also feature Austrian's coat of arms, the Angel playing the double bass, and the year the coins were issued. The Austrian mint produces these rounds in two different sizes - 1 oz and 1/2 oz.



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Austrian Silver Philharmonic Rounds Overview

The Austrian Silver Philharmonic Rounds are silver bullion coins minted by the Austrian Mint in Vienna, Austria. They first went on sale in 2008 and were originally minted as fractional pieces (0.1 oz, 0.25 oz, 0.5 oz, and 1 oz).
The Austrian Silver Philharmonic Rounds, or Austrian Silvers, as they are also known, are minted annually and are legal tender in Austria. They are made of 99.99% pure silver and weigh 1 oz, 2 oz, 5 oz, 10 oz, and 1 kg.

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What Is a Silver Round?

In common parlance, silver rounds are rounds made of silver. However, a more accurate definition states that silver rounds are metal rounds, as opposed to collectible rounds. The latter term refers to rounds which have a numismatic or collectible value.
Silver rounds, unlike collectible rounds, are not produced for a profit. Instead, they are used as a vehicle for purchasing silver bullion at a lower price per ounce.
Silver rounds can be purchased for as little as $3 per round, or $.50 each. That makes them a more affordable way to buy silver than buying coins.
However, silver rounds can also be used to accumulate silver bullion. For example, an investor could buy one silver round every week for a year, and at the end of the year, collect his silver bullion.



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Types of Silver Rounds

Silver rounds come in a variety of shapes. Some are simply round, while others are ingots or coins. Silver rounds can be minted in denominations from 1 troy ounce to 1 gram.
Silver rounds are increasingly popular among investors for several key reasons. These rounds, for example, often carry large premiums over their spot price. Silver rounds, unlike coins, are privately minted, which can potentially increase liquidity.

Austrian Silver Philharmonic Rounds

The obverse and reverse sides feature the Vienna Philharmonic Orchestra.
The reverse side of the round features instruments played by the orchestra.
The face value of the coin is denominated in euros.
The coin is available in sizes ranging from 1 oz. to 1,000 oz.

Investing in Silver Rounds

The Silver Philharmonic Rounds are an excellent choice for investors looking to gain more exposure in precious metals. Many investors choose to invest in bullion bars, but these rounds are much easier to handle and store. The Silver Philharmonic Rounds contain 1 oz of pure silver, which is the exact weight at which bullion coins are minted.
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Silver rounds also offer investors several advantages over bullion coins. Rolled coins are often sold by weight, while bullion coins are typically priced by denomination. This means that investors often pay a premium for small bullion coins. Silver rounds are priced based on their weight, so investors may find them cheaper.
In addition, bullion coins are minted by a government, which means that they are subject to additional taxes. Silver rounds are privately minted, which means that they are exempt from taxes, and sellers typically charge lower premiums. Finally, skilled buyers can acquire silver rounds at a lower price than bullion coins.

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The Bottom Line

Today's lesson has revealed that silver rounds like the Austrian Philharmonic are a solid alternative investment. The silver Philharmonic is an affordable way to not only buy silver, but invest in a company that is an industry leader in both silver mining and the manufacturing of silver bullion products.