Both designs were produced by the chief engraver of the Austrian Mint, Thomas Pesendorfer. The reverse of the coin shows instruments of the Vienna Philharmonic, including Vienna horn, bassoon, harp, and four violins centered on a cello. From the outset, the obverse of the coin depicts the pipe organ in the Vienna Musikverein's Golden Hall. The design on the coin remains the same each year only the year of issue changes. The coins are minted according to demand and production varies from year to year accordingly. In most countries in Europe, the gold Philharmonic is traded VAT-free while the Silver Philharmonic is partly subject to a reduced VAT rate. The gold Philharmonic has a fineness of 999.9 (often written 0.9999, also known as 24 carat or 99.99% pure). Like any bullion coin, the value is based primarily on the metal content and the spot price of that metal on the commodities markets.
In 2016, the mint introduced a one ounce platinum coin with a face value of 100 euros. The silver coin is also one of the top selling bullion coins, ranked third in 2013. In 2008, the Mint introduced a one-ounce silver version of the coin with a nominal value of 1.50 euros. In 2002, with the adoption of the euro currency, the nominal value of the one-ounce coin was changed to 100 euros. It is generally one of the world's best selling bullion coins. It was introduced in 1989 as a one- troy ounce (ozt), gold coin with a face value of 2,000 Austrian schillings. The coin is named for the Vienna Philharmonic orchestra, which inspired the design of both sides. The Vienna Philharmonic ( German: Wiener Philharmoniker), often shortened to Philharmonic, is a bullion coin of gold, silver, or platinum produced by the Austrian Mint ( Münze Österreich).
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