Legal Tender Gold and Silver Bullion

The Austrian Philharmonic 1 ounce silver bullion coin has “legal tender status” Silver coins are both easier to sell and authenticate, as the weight, measures, and silver content of each coin is well regulated by the Austrian mint.

Weight (grams): 31.10
Pure silver content (grams): 31.10348
Fineness: 999.0
Dimensions: 37mm Diameter x 3.2mm Thick

Our silver coin pricing is comparable with local silver bullion bar pricing so in our opinion it makes sense to use an investment vehicle that is more liquid and tradable. Legal tender silver bullion coins are internationally recognisable and sell for a higher premium than silver bars in the secondary market.

We believe that as central bankers of the world continue to print money and devalue their currencies both silver and gold investments will outperform inflation.

Some investors believe that silver will outperform gold in the current precious metals bull market. The current Gold / Silver ratio is 71 : 1 (One ounce of gold will cost you 71 ounces of silver) Many investors believe this ratio will fall to at least 20 : 1 resulting in more upside potential for an investment in silver. If this scenario plays out the premium paid now to invest in silver will be negligible. It is interesting to note that geologists estimate that the ratio of silver to gold ratio in the earth’s crust is about 16:1. In recent years we have seen the ratio as high as 83:1 and as low as 30:1

The locally produced Krugerrand has legal tender status in South Africa and is not subject to South African VAT. The Austrian Philharmonic 1 ounce silver bullion coin is subject to South African VAT. SA VAT has been factored into all prices quoted on our website. All orders are shipped with a VAT invoice.