The Wiener Philharmoniker is the most important orchestra in Austria and one of the most important in the world. In a ranking by the prestigious British monthly magazine "Gramophone", the Vienna Philharmonic was named one of the five best orchestras in the world. The orchestra is based in the Musikverein and its members are drawn from the Vienna State Opera. The beginnings of the Wiener Philharmoniker go back to 28 March 1842, when Otto Nicolai initiated the Philharmonic concerts with the Imperial Opera Orchestra. Since 1933, the orchestra has not had a permanent conductor, but has hosted various world-famous musicians in this role. This coin was struck in pure silver. It is the first euro bullion coin. At the same time it represents an excellent capital investment due to its liquidity, both when selling and buying. The Vienna Philharmonic has been produced by the Austrian Mint since 1989. The design of the coin was created using computer graphics and then transferred to silver. In 1992, 1995 and 1996 the Philharmonic was the best selling bullion coin in the world.