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The 1/10 oz Austrian Gold Philharmonic is the second-smallest denomination of bullion coin produced by the Austrian Mint. Like all the coins in the Philharmonic series, it pays tribute to the country’s deep musical tradition on both sides. It presents the opportunity to own a beautiful coin minted in .9999 fine gold.

1/10 oz Austrian Gold Philharmonic Coin Price

The value of the 1/10 oz Austrian Gold Philharmonic is determined based upon two different factors. The first, and more profound, element is the spot price of gold.

The spot price is, for all intents and purposes, the accepted market price for a troy ounce of gold. It’s actually not that - the spot price is technically the price of currently expiring gold futures contracts - but almost everyone in precious metals uses the spot price as the benchmark value for gold instruments.

Because the spot price reflects a full ounce of gold, it is necessary to divide the spot price by 10 to arrive at the proportional spot price underlying the 1/10 oz Austrian Gold Philharmonic. However, the spot price does not tell the full story of the cost of the 1/10 oz Philharmonic.

The other part is the premium that each dealer applies to the spot price to arrive at a sales price. The premium is the fee that dealers charge for facilitating the deal between you and the Austrian Mint.

For 1/10 oz Philharmonics, the premium usually adds an additional 14% to 16% to the spot price. As 1/10 oz gold coins go, these percentages are lower than average, making them an affordable purchase for those in the market.

However, understand that lower premiums tend to indicate that the coins might be a bit less liquid, or easy to resell, than others. So, you still get a great piece of pure gold, but it might be a bit tougher to move if you need cash from it.

Find the Lowest Price on 1/10 oz Austrian Gold Philharmonic Coin

Though the premium range for 1/10 oz Philharmonics is not terribly wide, the smart investor looks for ways to keep costs low. As it turns out, there are several ways you can keep yourself on the lower end of the price spectrum, be it for 1/10 oz Austrian Gold Philharmonics or another type of coin.

The first thing to do is choose the right dealer. Surf around and take a look at the different deals you can find online. We can recommend the four sites listed below, but you shouldn’t limit your search only to them:

• JM Bullion
• Silver.com
• Provident Metals
• BGASC.com

No matter the dealer you choose, you should do your homework before you buy. Check out the dealer’s customer ratings, reputation, and track record with an independent agency like the Better Business Bureau.

You should also be wary about any deals that seem too good. Some reputable dealers may offer a deal to buy certain products at the spot price, but these deals are always limited in terms of how much you can buy, and they may be short-term offers to boot.

However, reputable dealers are never going to price a 1/10 oz Philharmonic beneath the spot price. If you see such an offer, run - there’s something wrong with it.

Once you choose a dealer, here are the things to do:

• Find the coins that are circulated, rather than proof or uncirculated versions. Circulated coins are produced without the handling and precise machining that the other coins require.
• Look for the phrase “random year.” Some years are more valuable than others, but if you decline to specify, the dealer can cut you a break by providing a coin from his or her overstock.
• If possible, buy in bulk. The groups of 1/10 oz Philharmonics sold in plastic tubes are more expensive in total, but they are much cheaper on a per-unit basis than any other type of coin. 

Bear in mind, though, that the cheapest gold to buy is found in gold bars or gold rounds. Gold coins are products of sovereign governments and offer greater authenticity than the other two vehicles and have higher prices to reflect that certainty.

Description

The 1/10 oz Austrian Gold Philharmonic was the second fractional coin released as part of the Austrian Philharmonic coin series. The first smaller version was the ¼ oz coin, which was part of the initial release of the coins (along with the full-size Philharmonics) in 1989.

The 1/10 oz coin debuted two years later in 1991. It remained the smallest coin in the group until the introduction of the 1/25 oz coin in 2014.

No matter the size, all Austrian Gold Philharmonics are minted with .9999 fine gold. They also feature the same design elements, which clearly mark the coin as an Austrian product. 

The obverse depicts the Great Organ, the signature instrument in Vienna’s Musikverein, the home of the Vienna Philharmonic Orchestra. The reverse also revolves around the orchestra with its images of a cello, four violins, a harp, and a French horn.

More recent versions of the 1/10 oz Philharmonic bear a face value of €10. However, between 1991 and 2001, the coin bore a face value of 200 Austrian Schillings.

Coin Highlights

If you are just looking for some quick facts about the 1/10 oz Austrian Gold Philharmonic, peruse the bullets listed below:

• 1/10 troy ounce of gold.
• .9999 fine gold.
• Available since 1991.
• Obverse features Great Organ in Vienna’s Musikverein.
• Reverse features various orchestral instruments, including a cello and harp.
• Face value of either 200 Austrian Schillings or 10 Euros.
• Both sides designed by Thomas Pesendorfer.

Buying Fractional Coins

Buying gold coins of any size is an expensive prospect. However, the 1/10 oz Philharmonic offers the opportunity to own gold without breaking the bank.

In fact, the lower prices are the impetus for all purchases of fractional coins, or coins that bear only a portion of a full troy ounce. Unsurprisingly, they are quite popular.

Now, buying a 1/10 oz Philharmonic is a good investment, generally speaking. Gold remains one of the best retainers of value in the world, and this coin puts some of it into your hand.

However, you do need to know that fractional coins are not as cost-effective to purchase as the full-size coins. For instance, where the 1/10 oz Philharmonic sells with a 14% - 16% premium, the 1 oz Philharmonic is available for less than 3% over the spot price.

Now, they are still quite a bit more expensive than the 1/10 oz coins. Most 1 oz gold coins sell for roughly $3,000 a piece. So, it’s plain to see how buying a full-size coin might be impossible for some, but grabbing a 1/10 oz coin would work for their budget. 

You’re just going to be paying more, pound for pound, for the smaller coins.

Specifications