Sale 1 oz Australian philharmonic silver coins as low as 5.44 above spot

Monday-Friday 8-6 CST

The Austrian Mint

The Austrian Mint is a globally renowned manufacturer of bullion coins and bars founded in 1988. The mint is headquartered in 1 Am Heumarkt in Vienna, and famously known by its German name Munze Osterreich. The mint was fully owned by the National Bank of Austria up to 1989. [1] Currently, the mint produces the famous Vienna Philharmonic coins, the Maria Theresa Taler coins, and the Austrian Euro coins.

The Vienna Philharmonic coins were named after the Vienna Orchestra which is the national symbol of Austria. The Maria Teresa coins were named after Empress Maria Teresa. [1] The Austrian Mint has grown over the year to become one of the most dominant global players in the manufacturer of bullion coins and bars.

The History of the Austrian Mint 

The history of the Austrian Mint can be traced back to 1194 when Duke Leopold V received 12 tons of silver from Richard the Lionheart. The Duke imprisoned the English monarch and used his gift to mint coins. However, another 200 years passed before the decision to establish the Vienna Mint was reached. [1]

The pioneering mint was built near Hoher Markt, then in Wollzeile, and later in the Prince Eugene palace located in Himmelpfortgasse. During the first half of the 19th century, the mint was moved to Heumarkt in central Vienna where it’s still located up to date. Since then, the mint has used different technologies and methods to mint bullion coins. For example, bullion coins were minted with hammer strikes up to the 16th century. [1]

Later, advanced methods such as the roller press, rocker press, and screw press were introduced. From 1830, ring striking followed, and it enabled the production of coins with even round shapes. The technique is still used today. It produces up to 750 coins per minute. By the 1850s, the Mint in Vienna became the leading mint in the Habsburg Empire. Upon the establishment of the Vienna state in 1918, the mint became the sole mint in Austria. [1]

From 1925, the mint started to produce the Austrian Schilling that was issued by the German Reichsmark from 1938 to 1945. From 2001, the Austrian Mint began producing the Austrian Euro coins. The Vienna mint was registered as a public company in 1989 named Munze Osterreich AG (Austrian Mint AG). This made the mint a subsidiary of the Austria Central Bank. [1]

The new status of the mint was marked by the launching of the renowned Weiner Philharmoniker, also known as the Vienna Philharmonic gold coin. The coin was minted in the 1 ounce and ¼ ounce denominations. The mint launched the 1/10 ounce gold coin in 1991. Subsequently, in 1994, the mint launched the ½ ounce gold Philharmonic coin. The 1/25 ounce gold Philharmonic coin was introduced in 2014 to celebrate the launch of the Austrian Mint in 1989. [1]

Bullion Coins and Bars from the Austrian Mint

The Austrian Mint produces bullion coins and bars with high purity levels using the latest technology. The products from the mint currently available in the market include:

The 1 Ounce Gold Philharmonic Coin

The 1-ounce gold philharmonic coin is a best-seller. The coin was introduced in 1989 together with the ¼ ounce gold philharmonic coin. The 1-ounce gold coin contains 31.1 grams of gold that is .9999 pure. The face value of the coin for legal tender is 100 Euros. The 1-ounce gold philharmonic coin is the best performing coin from the Austrian Mint.

1 Oz Gold Philharmonic coin

For instance, the coin was the best-seller in 1992, 1995, 1996, and 2000. The change in the Austrian law in 1998 permitted the production of gold coins that would be the symbol of Austria. Designers brainstormed different concepts before settling on the musical instrument used by the famous Vienna Philharmonic Orchestra.

The Austrian Mint’s chief engraver Thomas Pesendorfer designed the coin. The backside of the coin bears eight orchestra instruments that include four violins on either side, a cello in the foreground, and the Viennese horn. The bassoon and the harp are inscribed on the back. The front of the coin features the famous pipe organ used by the Goldener Saal of the Viennese Musikverein.

The 0.29 Ounce 2021 Silver Niobium Coin

The design of the coin is based on the theme of Smart Mobility. Consequently, the front of the coin is inscribed with modes of futuristic public transport that includes an air taxi, bicycles, and a train. The theme of the coin is meant to reduce noise pollution in urban areas and global warming. The front of the coin is inscribed with a blueprint of an air taxi. 

 0.29 Ounce 2021 Silver Niobium Coin 

The back of the coin emphasizes the importance of public transport in the future. For instance, the niobium ring in the center is engraved with a bike and a scooter. They represent the most sustainable personal means of transport. The silver niobium coin has a silver weight of 9.00 grams that is equivalent to 0.29 ounces of .9999 pure silver. The coin has a total weight of 16.50 grams and a face value of 25 Euros.

The 0.25 Ounce 2020 Gold Alpine Treasures Coin

The 2020 Alpine Treasures coin is a gold series coin from the Austrian Mint that champions the rare species of animals and plants native to the Austrian Alps. The coins also depict the multifaceted nature of the rich Austrian landscape. The Alpine Treasure coin depicts the high peak mountains in Austria. For instance, the coins provide a gorgeous view of the mountain peaks found in the Hohe Tauern National Park. 

0.25 Ounce 2020 Gold Alpine Treasures Coin

The mountain is 3,000 meters high and home to 300 peaks. Hohe Tauern host the pioneering national park in Austria which covers 1,800 km2. The coin has a face value of 50 Euros. It contains 7.78 grams of gold that translates to 0.25 ounce of .9999 pure gold.

The 0.50 Ounce 2021 Knights’ Tales Brotherhood Proof Silver Coin  

The 1/2 Oz Knights’ Tales Brotherhood Silver coin is the fifth and final coin in the series that was dedicated to celebrating the Teutonic Order. The Teutonic Order was a military brotherhood founded in Acre, a military city in 1190. The order took its name from the German House of Saints Mary in Jerusalem.

0.50 Ounce 2021 Knight’s Tales Brotherhood Proof Silver Coin

The Teutonic Order is currently headquartered in Vienna. The building initially served as the hospital to members of the brotherhood. Later, the brotherhood allowed Christians on the pilgrimage journey to Jerusalem to use the hospital.

The hospital is the iconic image engraved on the front of the 2021 Knight’s Tales Brotherhood Silver Coin. The scene depicts a bedridden member of the brotherhood receiving care from a nurse as another member keeps watch. The back of the coin bears the coat of the Teutonic Order, held by a heraldic griffin. 

The coin has a face value of 10 Euros and contains 15.56 grams which translate to 0.50 Oz of pure silver. The coin has a total weight f 16.82 grams. Anna Rastl and Kathrin Kuntner designed the coin.

The 1 Ounce 2016 Silver Blisterpack 

The success of the world-renowned Vienna Philharmonic band is best captured in the 1 ounce 2016 silver Blisterpack. The coin is struck is pure silver which has made it a favorite among investors. The issue of the Vienna Philharmonic coins in February 2008 marked the first time a European country brought bullion coins with a purity level of .999 to the market.

1 Ounce 2016 Silver Blisterpack

At the time, the market was hungry for silver coins with high purity levels. Consequently, one million coins were produced during the first year of the issue. The coins had a purity level of .999. By the end of 2008, over 8 million silver philharmonic coins have been struck. Millions of silver blister-pack coins are sold every year.

Thomas Pesendorfer designed the 1 ounce 2016 silver blisterpack coin. The coin has a face value of 1.5 Euros. It contains 1.00 oz of pure silver that amounts to 31.07 grams of silver.

The 1/10 Ounce Gold Coin plus Packaging

The 1/10 ounce Vienna Philharmonic gold coin is the second-selling gold coin in the series. The coin is affordable and has a diameter of 16 mm, which makes it attractive as a gift. The coin was produced for the first time in 1989 and was available in the market in 1991. It contains 3.11 grams of gold with a purity level of .9999. The 1/10 ounce gold coin has a face value of 10 Euros.  

1/10 Ounce Gold Coin plus Packaging

The coin was the best-selling in the world in 1992, 1995, 1996, and 2000. The coin contains 3.12 grams of gold that translates to 0.10 Oz. The Austrian Mint chief engraver Thomas Pesendorfer designed the coin. The elegant design and packaging of the 1/10 ounce gold coin have made it a favorite gift for Mother’s Day, Easter, Valentine’s Day, Father’s Day, and Christmas.

The 100 Grams Munze Osterreich Fine Gold Bar

100 Grams Munze Osterreich Fine Gold Bar

The Austrian Mint produces the Munze Osterreich gold bars through accredited refiner, Swiss company Argor-Heraeus, SA. The bars are stamped with the name of the manufacturer, serial number, weight, assayer’s number, and purity level. The bars have a purity level of .9999 and a total weight of 20 grams.

The Munze Osterreich 20 Gram Gold Bar 

Munze Osterreich 20 Gram Gold Bar

The Austrian Mint produces the bar through an accredited refiner, Swiss Company Argor-Heraeus SA. Just like the 100 grams gold bar, the 20-gram bar bears the name of the manufacturer, weight of the bar, serial number, and the purity level. The bar contains 20 grams of pure gold with a finer level of .9999.

Organizational Structure

The Austrian Mint is headed and managed by a CEO supervised by the executive board. The Oesterreichische owns the mint. It’s a subsidiary of the Austria Central Bank. The bank receives large sums from the Austrian Mint. The revenue is in the form of capitalizing dividend claims and actual annual dividends. [2]

For example, in 2015 the OeNB received regular dividends of Euro 89 million from Munze, and a capitalized dividend of Euro 564 million. The State of Austria fully owns the Austrian Central Bank. Hence, the State of Austria fully controls and regulates the mint. [2]

Revenues and Sales Patterns

By 2015, the Austrian Mint had sold 1.32 million troy ounces of gold. This was a 45% increase from 2014. In the same year, the Austrian Mint sold 7.3 million ounces of silver coins and bars. This marked a 58% increase from 2014. In 2015, the Austrian Mint sold gold philharmonic coins amounting to 756, 200 troy ounces (23.52 tons). The 1 Oz Vienna Philharmonic coin accounted for 647,100 troy ounces (20.18 tons) of the total gold coins sold in 2015. [3]

The ½ Oz, ¼ Oz, 1/10 Oz, and 1/25 Oz accounted for the remaining 3.44 tons of the gold philharmonic coins sold in 2015. Several 20 Oz gold bars were also sold in the same year. The sales of gold philharmonic sold in 2015 were 15% higher compared to the 483,700 Oz sold in 2014. The 2015 record was also higher than the gold philharmonics sold in 2013 that stood at 652,600 Oz. [3]

Distributors 

The Austrian Mint distributes bullion coins and bars through different routes. The mint has two physical locations that sell different products. One of the physical shops is headquartered at the Am Heumarkt in Vienna. The second mint is located in the Tyrol state in western Austria. Furthermore, the mint’s website features an online store for buying bullion coins and bars, and other bullion products from the mint.

One of the biggest retailers and wholesalers of bullion coins and bars, Schoeller Munzhandel is also owned by the Austrian Mint (Munze Osterreich AG). Schoeller Munzhandel is the biggest bullion trading company in Austria and Central Europe. The distributor has three retail offices in the three largest cities in Austria. They include Vienna, Graz, and Innsbruck.

References and Links

[1] Munze Osterriech, ” Striking a king’s ransom: The story of the Austrian Mint,” Münze Österreich AG, 2021. [Online]. Available: https://www.muenzeoesterreich.at/eng/about-us/our-history. [Accessed 28 April 2021].
[2] Münze Österreich AG, “About us: Annual report 2019 PDF,” Annual report 2019 (PDF | 8.63 MB), 2021. [Online]. Available: https://www.muenzeoesterreich.at/eng/about-us/the-company. [Accessed 28 April 2021].
[3] P. P. Blog, “Austrian Mint Sells 41 Tonnes Of Gold Coins And Gold Bars In 2015,” Seeking Alpha, 31 July 2016. [Online]. Available: https://seekingalpha.com/instablog/25783813-peter-palms/4904341-austrian-mint-sells-41-tonnes-of-gold-coins-and-gold-bars-in-2015. [Accessed 28 April 2021].

Related Product

0