Austrian Mint Silver Sales Rise 57% from 2014
Austrian Mint Silver Sales Remain Far Below Elevated Levels of 2010-2013 Levels
Austrian Mint Sells 7.2 million ounces of silver in 2015
Silver sales at the Austrian Mint rose 57% in 2015 over 2014 sales. The Austrian Mint sold over 7.3 million ounces of silver, mainly in the form of their one ounce Austrian Vienna Philharmonic Silver coins pictured below. Sales in 2014 were 4.6 million ounces, a multi year low at the Austrian Mint. While 2015 silver sales were an improvement over 2014’s sales, they were far below 2011’s sales when the Austrian Mint sold 17.8 million ounces of silver.
Austrian Mint Silver To Gold Sales Ratio Plummets
Unlike the U.S., Canadian and Perth Mints that are selling propotionally more silver than gold in recent years, the Austrian Mint is selling proportionally more gold than silver lately*. In 2015, the Austrian Mint sold about 5.5 ounces to silver for every ounce of gold sold. In 2011, the Austrian Mint sold 17.8 million ounces of silver and 586,700 ounces of gold for a ratio of ounces about 30 ounces of silver sold for every ounce of gold sold.
Click here to see 2015 Austrian Mint gold sales.
In 2015, the United States Mint sold a record 47 million one ounce American Silver Eagle coins and 626,000 for a ratio of 75 ounces of silver sold for every ounce of gold sold.
In 2015, the Perth Mint sold 11,773,927 ounces of silver and 457,132 ounces of gold for a ratio of 25.75 ounces of silver sold for every ounce of gold sold.
Sales of Austrian Vienna Silver Philharmonic coins rose sharply in 2015 over 2014’s sales, but have not experienced the same surge as the U.S., Canadian and Perth Mints.
Compare pricing and shipping on Austrian Silver Philharmonic coins for sale at these websites:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
Silver sales at the U.S. and Perth Mints hit records in 2015, while the Austrian Mint sales of silver were modest.
Austrian Vienna Philharmonic Silver Coins
Description: Obverse: picture of the large pipe organ in the Musikverein, a concert hall that is home of the Vienna Philharmonic Orchestra and the German words “REPUBLIK OSTERREICH” (“Austrian Republic”) and “1UNZE FEINSILBER” (“1 ounce pure silver.”)
Reverse: picture of musical instruments including four violins, cello, harp, bassoon, French horn and flute and the German words “SILBER” (“Silver”) and “WIENER PHILHARMONIKER” (“Vienna Philharmonic”)
Composition/Weight: 1 troy ounce (31.103 grams)/.999 fine silver
Edge: Smooth
Face Value: 1.50 Euro
Designer: Thomas Pesendorfer
Mint Location: Vienna, Austria (no mint mark)
Years Minted: 2008-present
- Austrian Mint Philharmonic 1 Oz Silver Coins
- Price: $18.37
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