The Austrian Mint is producing a Platinum Vienna Philharmonic coin for the first time in history!
This is a great change to an incredible series of bullion coins! Beginning in 1989, the Austrian Mint started a series of gold bullion coins with the theme of the Vienna Philharmonic, a world renowned orchestra based out of the Musikverein in Vienna. Composed of 1 oz. of .9999 fine gold, it was a high quality coin made for the bullion stacker. This bullion series grew in popularity, increasing greatly in sales over the years until these coins were the primary source of bullion stacking throughout much of Europe. Changes were made over the years, such a switch in denomination in 2002 from 2,000 Austrian Shillings to 100 Euros. Later, in 2008, the Austrian Mint began to produce 1 oz. .999 silver coins with the same theme. With a denomination of 1.5 Euros, they were meant as a more affordable method of stacking, and as a way for bullion stackers develop a distribution of metals. With the release of this coin, sales skyrocketed even further and this coin soon became the go to for many European and Asian silver stackers.
Now in 2016, the Austrian Mint with all of its prestige and experience behind it, has begun production of a 1 oz. .9995 platinum bullion coin! Geared for stackers to broaden their range of metals even further, this is a beautiful coin that continues the theme of the Vienna Philharmonic. Described by the Austrian Mint as “The third member of the exclusive club,” this platinum coin is legal tender for 100 Euros. Will it become as popular as the Silver Vienna Philharmonic did? Find out, and purchase one of these new platinum coin for yourself, in GEM BU condition from the Austrian Mint!
|Year of Issue:||2016|
|Weight in Grams:||31.1 g|
|Weight in Ounces:||1 oz|
As reported by Mining.com, investors saw a quick jump in prices (+1.6% to $1,058.70/oz) yesterday in the platinum market and it had nothing to do with demand, but rather supply.
Silver, Platinum and Palladium are in the red this morning as gold seems to be receiving all the attention from the precious metal investors.
This article contains some of the more interesting headlines as of late.