Austrian Mint Gold Sales Smash Record in 2015

2015 Austrian Mint Gold Sales Rose 215% From 2014.

Negative interest rates in Europe drove gold sales higher at the Austrian Mint.

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The Austrian Mint sold a record 1.32 million ounces of gold in 2015. Indeed, as we reported last year, the Austrian Mint had already broken their old gold sales record by the end of the third quarter of 2015 with sales of 850,700 ounces.

2015 Austrian Mint gold sales eclipsed sales of 2009’s record sales of 835,700 ounces and handily trounced 2014 sales of 418,919 ounces.

Negative Interest Rates Drive Gold Sales

Director of Marketing and Sales at the Austrian Mint Andrea Lang told Bloomberg “Interest rates are negative at the moment and people don’t see any benefit of keeping their money anywhere, but at the same time they feel a little bit concerned about the future. They want to invest; they want to have a safe haven for their money.”

austrian mint gold sales with flag 2008-2015

Austrian Mint gold sales were up 215% in 2015.

The Austrian Mint’s gold sales were primarily in the form of the one ounce Austrian Gold Philharmonic coin.

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Austrian Vienna Philharmonic Gold Coins

Description: Obverse: picture of the Musikverein, the music auditorium where the Vienna Philharmonic Orchestra resides along with the German words “REPUBLIK OSTERREICH” (“Austrian Republic”) and “1UNZE GOLD 999.9” (“1 ounce gold”)
Reverse: pictures of musical instruments including a violin, harp, flute, cello, bassoon, and French horn and the German words “WIENER PHILHARMORIKER” (“Vienna Philharmonic”)
Composition/Weight: 1 troy ounce (31.103 grams)/.9999 gold (24K)
Face value: 100 EUR
Designer:Thomas Pesendorfer
Mint Location: Vienna, Austria (no mint mark)
Years Minted:1989-present

Austrian Mint Gold Sales Top Combined U.S.and Perth Mint Gold Sales

Austrian Mint Gold sales in 2015 of 1.32 million ounces topped the combined 2015 sales of American Gold Eagles coins (of all denominations) at the U.S. Mint and gold at the Perth Mint that sold 801,500 ounces and 457,132 ounces respectively, for a combined total of 1,258,632 ounces.

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