Collapse of the Euro and the value of Austrian Philharmonics

If the Euro currency were to collapse, and no more Euro-denominated coins are issued in future, how would this affect the prices of the Euro-denominated Austrian Philharmonics -- especially the first and last issues? Would the prices of these coins rise in value? Would their numismatic value increase? Thanks in advance for your opinions. :smile

 

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I posted on another thread that these might have a chance for a numismatic premium when the Euro collapses. They would either have to be discontinued or redesigned. The risk is low since these sell for very close to spot. I will take these over generic rounds any day. TC

 

"The Euro is unlikely to collapse because Germany will keep it from collapsing. Also, a substantial percentage of the Euro is backed by the U.S. dollar. If Germany pulled out then it would be a different story.

 

It will be a bad day if the Euro collapses. Let's hope that it hangs around.

 

looks like all your money is in gold going by your avatar.

 

This whole "euro collapse" story originated here http://www.cointalk.com/t212162/. And I made the suggestion to take the part of the discussion that focuses on "Philharmonics" bullion coins over here, as the bullion experts (which would not be me ) are here. Will leave it up to others to cheer when - or rather if - the euro comes to an end. My primary point is that the value of a bullion coin such as the gold or silver "phil" pieces would not really be affected then.

By the way, why would a redesign be required? The Gold Philharmonics coins issued these days, with face values in euro, have exactly the same design as the ones issued in the schilling years. The denominations are kind of fictitious anyway ...

Christian

 

Would those years be 1988 through 2008?

 

Not quite; the Philharmonics bullion coin was first issued in 1989. Initially it could be had as a 1/4 oz and a 1 oz gold coin; later (early/mid 1990s) the 1/10 oz and 1/2 oz pieces were added. Those four were issued as schilling coins until 2001, and then (since 2002) as euro coins. Apart from that they have the same designs and the same specifications. The silver ounce was first issued in 2008, so there is no schilling equivalent ...

Christian

 

I would not buy this coin for this purpose unless they sell a collector's (proof) version. IMO it's a bullion coin and if you are in the USA, one that is more difficult to unload when time comes to sell it.

 

Looks like I put my Euros on ebay at a very good time.

 

Lots of great disinformation in this thread. Germany won't? Only proof versions?? Come on people, up your game....

 

The German Supreme Court is going to rule upon whether or not Germany can continue to put funds into the stability pacts and bailout program, and whether or not there is going to be a euro bond program at all. Bigger than that, whether or not the Bundestag is going to lose control of their own government and take some of the financial decision-making out of their hands and move it into Brussels.”

“This is a huge day. Everybody will remember September 12th. It’s a really easy day to remember because it’s right after September 11th. I recommend everyone tune in because what the German court decides on that day will affect the future of the euro almost immediately because Germany is what’s holding this whole thing together.

If Germany doesn’t keep pumping in money to bailout these failing economies in Greece, Spain, Italy, into the European Central Bank so they can keep buying up these worthless bonds, and keep giving money to the banks that have failed in Spain and Greece and that are going under in Italy, without Germany there is no euro


Germany may be the country that brings the euro crashing down.
http://www.telegraph.co.uk/comment/...untry-that-brings-the-euro-crashing-down.html

 

Actually, the Schilling years are from 1988 through 2007:

http://www.baseball-reference.com/players/s/schilcu01.shtml

Sorry. I'll grow up someday.

 

Just over 30 hours. I wondered how long it would take for someone to pick up on that.

 

I'm with you, Christian.

We have to listen to the same negative nonsense here in the States... THE COLLAPSE OF WESTERN SOCIETY (and, of course the US and our dollar).

Chicken Little is wrong 99.9% of the time, and yet some are totally fascinated with declinism.

Not I.

Number me NOT with the pessimists; winners win because they think like winners, and losers lose because they think like losers.

 

I am with you and Christian. Horror stories of impending economic collapse are "fun", and some PM people are more fervent believers of this. It simply seems to me absent war, genocide, or economic suicide like Zimbabwe or communism, such collapses are not present. People seem always to be able to work something out.

Did the Euro make a massive mistake bringing in a few weak southern European countries? Yes, of course. However, northern Europe is a strong economy, and I believe that if they perform the necessary actions that should have been in place to begin with, (namely inability of nations to break rules of the currency and borrow too much unsustainably), then they can weather this storm.

 

Thanks

Thanks, everybody, for your inputs, thoughts and opinions!:smile
They're very much appreciated.:smile

 

I have no money in gold, but I liked my avatar. I do have a lot of money in Europe and it must succeed. If it doesn't, it will be a bad day for the world, the stock market, and the value of PM's. I'm holding onto a bunch of other PM's and Euro funds.

 

What a question...

How about I offer you 3 Euros for each 1.50 Euro coin. I hope you go for it, since you'll make 100% profit.

 

Let me rephrase that slightly: You would pay me double the amount that I paid, right?

Christian