The Austrian Gold Philharmonic coin is legal tender in Austria, which is backed by the government.
The face value of Gold Philharmonic coins are stamped as €100, however the actual valuation of the coin is determined by the market value of the coin.
Made of .9999 pure 24-karat gold, the Austrian Philharmonic coin is one of the best-selling gold bullion coin in Europe.
The Austrian Gold Philharmonic coin is backed by both Austria and the European Union, which makes them a highly liquid commodity.