During the 1980s, imports of the Krugerrand, South Africa’s famous gold coin, were banned in many countries due to international sanctions which were imposed there. Those sanctions severely restricted availability of 1 oz coins for investment because the Krugerrand was the most popular and successful coin in the world market.

The Austrian government decided to tackle this issue with the creation of its own gold coin. Production of the gold Philharmonic began, and met with success right away.



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