The mintage of Austrian Silver Philharmonic coins in 2008 was almost 8 million pieces
Austrian Silver Philharmonic coins were introduced for the first time during the height of the financial crisis in 2008. As investors were scrambling to buy hard assets, the uncertain economic environment proved to be the perfect window of opportunity for the Austrian Mint to unveil its new creation. The Austrian Silver Philharmonic coin was extremely well received by the investment community which, in the first year alone, bought 7,777,300 one-ounce pieces, or a massive 242 metric tonnes of silver. The Austrian Silver Philharmonic coin is essentially a replica of the Austrian Gold Philharmonic coin, differing only by containing silver instead of gold, portraying a smaller nominal face value, being thicker, and by the fact that the edge of the coin is polished rather than reeded. The Silver Philharmonic coin is the Austrian Mint’s first legal tender silver coin to be made of .999 fine silver and to be embellished with cultural symbols that most people can relate to: music. Many world famous musicians and composers, such as Mozart, Strauss, and Beethoven to name a few, have contributed to making Austria, and specifically its capital Vienna, famous for its operas and symphonies. Their work in classical and romantic music is immortalized in the Silver Philharmonic coin, making it a must for investors who have an affinity for the precious sound of pure silver.
The 1 oz Silver Philharmonic coin embodies classical music
The Austrian Silver Philharmonic coin is named after the world renowned Vienna Philharmonic Orchestra. The orchestra was founded in 1842 by a group of people in response to Vienna’s lack of professional orchestral organizations in the early 19th century. The orchestra was managed as an independent body by an administrative committee who were democratically elected by its musician members. The professional musicians who made up the ensemble were chosen exclusively from the Vienna State Opera where they had to have been playing for at least three years before even being considered as a potential member. To this date, the stringent recruiting process has not changed, which ensures the very highest level of artistic performance from every member of the Vienna Philharmonic Orchestra. This orchestra is today most famous for its traditional New Year’s concerts where nostalgic music from great composers is performed. These concerts have grown to become so popular that they are televised to over 90 countries, sending a message of joy for the New Year through the gracious and delightful character of music.