Silver Ounce (1 oz), Coin Type from Austria - detailed information

Like many other mints, the Austrian Mint (Münze Österreich) issues silver bullion coins in the internationally popular format of one troy ounce (1oz) of silver. The best know of these is the Vienna Philharmonic type, but the mint also issues other designs. The coins are denominated as 1.5 Euros; because they are not in the standard circulating denominations (from 1 Euro Cent to €2), they are legal tender in Austria only and not in the whole Eurozone. Like any bullion coin though, their actual value is based primarily on the metal content and the spot price of that metal on the commodities markets.