Twenty years ago in 1989 the Austrian State Mint passed from the Treasury into the ownership of the central bank. The mint was given the freedom to produce and sell products in accordance with the demands of the modern numismatic and investment markets. One of the very first innovations introduced by the new CEO, Paul Berger, was the production of a gold bullion coin for investment purposes: the Vienna Philharmonic.

On 16th October this year a limited quantity of 6,027 Vienna Philharmonic coins, each weighing 20 ounces of fine gold, will go on sale in Europe, America and Japan.

20 ounces to commemorate 20 years!

Why the odd number? The mint decided to offer 2009 coins (the date of the 20th anniversary) in its three major markets: in Europe, in America and in Japan. Investors still remember the 15 giant coins (each of 1,000 ounces) that celebrated the fifteenth anniversary in 2004, and that entered the Guinness Book of Records as the then largest gold coin in the world. All 15 giant coins were snapped up within days, and the excitement surrounding this special issue of a 20 ounce coin promises a similar market reaction.

The new 20 ounce coin has a diameter of 74 mm and a thickness of 8.3 mm and is housed in a prestigious wooden and red velvet case. Pre-orders for this unique anniversary gold coin have already started pouring into the mint in Vienna. It promises to be a major success as indeed the past 20 years of the Austrian bullion programme have been.

The Vienna Philharmonic Story

The decision in 1989 to issue a gold bullion coin in the two weights of 1 ounce and ¼ ounce was greeted with indulgent smiles. Austria, a small central European country since the destruction of her empire in 1918 and without any gold mining industry to support, was entering the bullion market, long dominated by the Krugerrand and that time divided between the USA, Canada and Western Australia.

Berger and his team decided that music was the ideal theme for their new coin. Austria was internationally renowned for its music, but they decided against the portrayal of one of the many great composers like Mozart, Haydn or Strauss. That would make the coin appear like a commemorative edition for collectors. Instead they chose a living and world-famous musical institution: the Vienna Philharmonic Orchestra. To their delight the members of the orchestra enthusiastically endorse this choice, freely grant the use of their name. The engraver, Thomas Pesendorfer, designed a collection of instruments to represent the orchestra itself and for the other side of the coin he took the great pipe organ of the Golden Hall in Vienna where the orchestra plays at home. It is seen on television around the world every year on 1st January during the New Year’s Day Concert.

The new Austrian coin was launched in Vienna on 10th October and was an immediate success. The demand in the home market was nothing less than ferocious. In two and a half months 419,000 ounces were sold, achieving with one blow an 18% world market share for the entire year 1989! It rapidly established itself as a serious participant in the international gold market. In 1992 and again in 1995, 1996 and 2000 the Vienna Philharmonic was ranked by the World Gold Council as the top selling gold bullion coin worldwide. In 2008 the Vienna Philharmonic continued to rank No. 1 in Europe and in Japan, and with a year’s market share of 25% it came in 3rd worldwide narrowly missing 2nd place. The “indulgent smiles” have long since disappeared.

A 1/10 ounce in 1991 and a ½ ounce coin in 1994 completed the traditional family of four sizes. In 2008 a silver 1 ounce Vienna Philharmonic was added to the investment range with resounding success.

Looking back on 20 years of continual growth and success, the Vienna Philharmonic has established itself firmly as one of the four great gold bullion coins offered on the international market of today. This one-time issue of a limited number of 20 ounce gold coins is but a fitting tribute to a 20 year long success story that shows no signs of letting up in the near future.

Related posts:

1. Last of the Austrian Mint’s “Vienna Jugendstil” Series
2. Austrian Mint Issues 5 Euro Silver Coin Honoring Great Conductor
3. Gold touches 27-year high of $746.30 an ounce; silver surges nearly 3%

Even though multitudes of American investors have lost faith in Wall Street and our nation’s banking system, they can still show their patriotism by purchasing American gold bullion, as they convert their wealth into precious metal diversification. Traditional investments in stocks and bonds have had their overextended course of contrived prosperity, now it’s time to pay the piper. As we all prepare for the treacheries of an indeterminate inflationary period, many investors are claiming financial independence from our banks and brokers by diversifying with American gold bullion like Engelhard brand, one-ounce, and ten-ounce bars, and American gold bullion coins like 22-karat American Eagles, or 24-karat American Buffalos.

Engelhard 24-karat bars are manufactured in New Jersey, and make great items for personal possession, as well as short-term diversifications for rare coins like $20 Lady Liberty’s, or $20 Saint Gaudens, which are traditionally used for long-term stability. Bullion prices usually hover just above the current spot price, and investors can also use this affordability for long-term financial safety, as government approved, gold-backed IRA contributions. Rare coins are not permitted for precious metal IRA storage, but the aforementioned American Eagles, and Buffalo coins are permissible, along with proof, and “Ultra-High” proof versions of the modern American Eagle bullion coin. Investors may also wish to round off their budgets with fractional denominations of the $50 American Eagle, which include ½-ounce, ¼-ounce, and 1/10-ounce coins. These investors are encouraged to complete their research, and then to contact one of our friendly specialists, who offer institutional discounts on bullion, and rare coin.

Danny Burns

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The United States Mint has sold 110,500 one-ounce American Buffalo $50 Gold Bullion Coins since they were released on Thursday, Oct. 15, 2009.

To place that in perspective, in less than two weeks bullion dealers have purchased 64.2 percent of the total (172,000) that was sold in all of 2008.

There appeared to a touch of dry spell in sales for several days. The US Mint generally updates bullion figures daily, but the Gold Buffalos remained at 86,000 from last Wednesday until Tuesday morning when the tally jumped to 106,500. By close of business Tuesday, numbers were at 110,500.

The Mint will begin selling the collector proof Buffalo coins this Thursday at noon ET. Demand is expected to be fierce. No order limits are in place.

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Read the rest of US Mint Bullion Gold Buffalo Coins Top 110K (219 words)

The pride of Canadian coinage is the Maple Leaf gold bullion coin. The Royal Canadian Mint (RCM) proudly produces these strikingly beautiful, one-ounce 24-Karat gold coins, and the Ottawa-based refinery and mint was the first in the world to offer 24-Karat bullion to the world in 1979. It wasn’t until 1982 however, that these modern bullion coins were massed produced. Before Maple Leaf gold bullion arrived on the scene, 22-Karat South African Krugerrands were the only available gold bullion in the world, and they weren’t immediately globally popular largely because U.S. citizens were forbidden to own gold during the early 70’s. South African’s own inhumane practice of apartheid was another major inhibitor of the Krugerrands’ initial global acceptance, while Canada’s ongoing legacy of robust, friendly ideals helps to promote the 24-Karat, iconic coin.

Maple Leaf gold bullion coins’ obverse design is one of Canada’s most recognized symbols, as well as the coin’s namesake. The design is the work of the RCM’s master engraver, Walter Ott, and artist, Arnold Machin created the reverse design, which portrays the profiled image of Her Majesty, Queen Elizabeth II, facing to the right. These 1-ounce coins are also minted in varying, smaller denominations like ½-ounce, ¼-ounce, and 1/10-ounces, to fit a wider range of budgets. Gold investment is the current economic trend, as spot prices continue to rise, while U.S. dollar values continue to flirt with ambiguity. Investors are encouraged to evaluate their finances, and then to contact one of our friendly specialists, who offer institutional discounts to household investors like you.

Danny Burns

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One of the great benefits of investing in gold is that it typically functions as a safe haven for investors in times of economic turmoil. During the current economic instability, gold has risen to record high prices as one would expect. Some people will keep hold of their gold stocks until the peak of the instability then try to sell it off when gold prices reach their highest. But other people who struggle during tough times have another option: selling gold jewelry or other gold items to get cash to get through the hardships. You can easily sell gold bullion coins and bars to a bullion dealer, but how do you go about selling gold jewelry?

Selling your gold jewelry is not a difficult task. You can find various companies either online or around your area that will offer you cash for your gold items and make the process quite simple for you. The gold buyers are looking to get their hands on as much gold as possible, so they can profit from prices that will likely rise even higher over the longterm, and profit from some price spreads or transaction fees. But their businesses are usually legitimite and you will get a fair amount of cash for your gold.

A well-known example of such a company is Cash4Gold. They are a mail-in gold refinery, meaning that they will buy your gold items and melt them down. Cash4Gold is a good option for people who own old or broken gold jewelry or other items that are no longer attractive or desirable to wear. If you wish to sell newer and more attractive-looking gold jewerly, you will likely receive more money by selling your items to a local jeweler in your area, or to a pawn shop. That is because gold jewelry is sold at a premium price that can be much higher than the value of the item’s metal alone. The premium price covers things like quality of design and craftsmanship. But a refinery like Cash4Gold will simply melt down your items, so they don’t care if your items are resaleable or not. They will simply pay you a price based on the official spot price of your jewelry’s constituent metal (plus they will charge a transaction fee of some sort).

The things you should know about your gold before selling it are its karatage (which should be printed somewhere on the item, its weight in gold, and if possible also its resale value, so you can know whether to sell to a refinery or to a pawn shop or jeweler instead. Getting your item appraised by a reputable dealer might be a good idea. You should also be aware of the terms of your agreement with the buyer of your gold. If you have intentions to buy your item back, you should be sure to check how much time you have to do so, and the specific terms surrounding the buyback. When you are dealing with valuable items that might have special meaning to you, the last thing you want is any kind of disappointing surprise that deprives you of your cherished item.

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US Mint sales once again look attractive following a week when collector interest in most coins dipped. Demand is strong for both silver and gold bullion coins, as has been the case for much of the year. The newly released Gold Buffalo coins were most impressive.

In other notables, Ultra High Relief $20s finally topped the 100K barrier, and the Lincoln Chronicles set shot off Mint shelves to the tune of 50,000 in 30 hours. Collector silver coins and sets also held their own, enjoying better than normal weekly gains. These and other highlights follow:

• UHR Double Eagle Gold Coins hit 100,704 since their release on Jan. 22. Weekly sales picked up by 1,913 compared to prior 1,172.

• As expected, although not on the first day like many anticipated, the Lincoln Coin and Chronicles set sold out. The maximum 50,000 were scooped up within 30 hours. Standby orders are now in affect. Also in the Lincoln family line, the Lincoln Proof Set climbed by 10,921.

• Passing through their haze, Presidential Dollar Proof Set and 2009 Silver Proof Set increased by 2,872 and 12,306, respectively. Both sets were knocked down with negative adjustments in last week’s report.

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Read the rest of US Mint Sales: Bullion Coins Hot, Silver Coins Strong (1,319 words)

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A gold expert has offered some tips to those looking to invest in the precious metal for the first time.
Speaking to US-based ABC 4 News, Bob Campbell of All About Coins said it is often best to start slowly and learn the ropes of gold investment.
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

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Twenty years ago in 1989 the Austrian State Mint passed from the Treasury into the ownership of the central bank. The mint was given the freedom to produce and sell products in accordance with the demands of the modern numismatic and investment markets.

One of the very first innovations introduced by the new CEO, Paul Berger, was the production of a gold bullion coin for investment purposes: the Vienna Philharmonic.

On 16th October this year a limited quantity of 6,027 Vienna Philharmonic coins, each weighing 20 ounces of fine gold, will go on sale in Europe, America and Japan.

(…)
Read the rest of Gold Philharmonic 20th Anniversary Commemorate Coin (725 words)

New figures have revealed that sales of the US Mint’s 2009 Buffalo gold bullion coin have soared since their release last week.
Launched on October 15th, the coin is crafted from 24-c gold and was finally unveiled after being delayed for several months due to gold blank shortages.
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Read more….

Everyone got a good hard look at precious metals investment in action over the last two weeks, as gold repeatedly surpassed it’s all-time high on consecutive days. Now that gold prices have retreated to $1055 levels, more investors are considering an investment in gold bullion coin. Bullion coins like the modern, 22-Karat, American Eagle $50 gold coins are only slightly more costly than the current spot price of gold, and the U.S. government backs their weight, and precious metal content, which is one full Troy ounce of pure gold. Since American Eagle gold bullion coin possess no numismatic value like rare coins do, they are widely used to capitalize on potential short-term gains, as diversifications for far more costly rare, certified coins, or as long-term, government approved, gold-backed IRA contributions.

Gold backed retirement accounts have recieved consistently growing consideration by baby-boomers in particular since 2007, as traditional IRA’s with holdings in stocks and bonds have lost $trillions since then. Rare coins aren’t permitted for IRA storage, and the aforementioned American Eagle gold bullion coin is the only 22-Karat coinage that is permitted. 24-Karat bullion bars are allowed in these IRAs, along with 24-Karat bullion coins like American Buffalos, Chinese Pandas, Austrian Philharmonics, Australian Kangaroos, Koalas, and Lunar coins, as well as Canadian Maple Leafs. All of these coins are also minted in smaller denominations like ½-ounce, ¼-ounce, and 1/10-ounces, to customize a wide range of budgets. Investors are encouraged to complete their research, and then to contact one of our friendly specialists, who offer institutional discounts on bullion, and rare coin.

Danny Burns

Read more….