Bullion dealers gravitate to the American Silver Eagle because it is guaranteed by the US government, but there are other options the bullion investor enjoys when it comes to government issued silver, like the Austrian Philharmonic, which for practical purposes is the American Silver Eagle’s counterpart in Europe.
The Director of the Austrian Mint talks about the success and continued demand for the 1 oz. .999 fine silver European Silver Philharmonic bullion coin, known as the Austrian Silver Philharmonic.
The director says that it has been hard to keep up with demand since April 2013. There have been some months where “the production capacity was sold out the next day and they were loading machines 24 hours a day in three shifts.”
“We are really trying to distribute via all available channels.”