Why Collect Gold Coins? Fantastic Investment!
Filed under: American Gold Coins, Australian Gold Coins, Austrian Gold Coins, British Gold Coins, Canadian Gold Coins, Chinese Gold Coins, Dutch Gold Coins, Gold Coins, Gold Maple Leaf, Russian Gold Rubles, South African Gold Coins
Many people have probably heard or know of someone who collects coins. Maybe they collect old U.S. coins or unique coins that have been mis-manufactured. While all these coins certainly have value and are fun to collect, gold coins represent the pinnacle of collecting as there are not only a wide variety of coins to collect, but they are also guaranteed to retain their value considering the fact that most of them are 99.99% solid gold. In addition, there’s often a tremendous amount of craftsmanship placed into these gold coins which makes them not only beautiful to behold, but also great to put into a display case and show off to your friends.
However, for those strictly in it for the money, gold coins have historically been a very safe investment. In the last twenty years (starting in 1990), gold prices have more than doubled from around $400 per ounce to close to $1000 per ounce as of this article’s writing. Moreover, gold is considered to be one of the safest investments you can make due to the fact that it often follows the general expected inflationary trend of the economy. With other investments, like stocks or bonds, you’re betting that the interest/dividends you receive will beat inflation. But the gold prices often track and exceed that of inflation. Couple that with the fact that coins made of gold are collectors’ items, and it’s not to hard to see why these coins will almost invariably just increase in value.
It’s imperative that any person diversify their portfolio as much as possible and gold coins represent an excellent way to do that. Having physical gold on hand is not only great to look at, but it also represents a level of security that certificates of gold or other gold investments can’t bring. The gold is in your hands and the coins themselves will become increasingly rare. You’ll belong to a sort of elite club of collectors and that will be something of which you can be proud!
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The Impressive Gold Vienna Philharmonic Coins Are Music To Your Collection!
The phenomenal gold Vienna Philharmonic coins were first minted in 1989 at the Austrian Mint in Vienna and are the only legal tender gold coins produced in a large scale in Europe. It is also the only gold bullion coin denominated in euros that is issued on a regular basis. The Austrian Mint is world renowned for the production of superior and avant-garde gold coins for more than eight hundred years, making it one of the oldest minting institutions in the world continuously in production. It is said that the Austrian Mint indirectly owes it’s beginnings to Richard I of England, also known as Richard the Lionheart.
The Vienna Philharmonic coin’s design, by Thomas Pesendorfer, is a tribute to the jewel of Austria’s culture, the Vienna Philharmonic Orchestra, whose members are chosen from the Orchestra of the Vienna State Opera. To be able to play with the Philharmonic is not a simple process. The musician would have to devote a minimum of three years, playing for the Opera and Ballet to prove his/her skill. Only then can the musician ask the Board of the Wiener Philharmoniker to consider an application for a seat in the Vienna Philharmonic. On the obverse, or “heads” side of this striking coin, is pictured a collection of some of the instruments that produce the orchestra’s glorious music: a bassoon, a harp, a cello, a Viennese horn and four violins. On the arc of the coin, above the instruments, are the words, “Wiener Philharmoniker”, meaning Vienna Philharmonic.
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