Wiener Philharmoniker 1.50 Euro

here is a interesting story about these 1,5 Euro One ounze austrian silver coins.
when they were issued, the banks issued them at a price of 1,5 Euro.
this caused tons of German "tax investors) (austria is a tax heaven) to buy these coins and bring them LEGALLY and tax free back to germany where they sold them for the silver value and hence made their illegal money legal... commonly called "money Laundering". except this one was legal.

Yes, that story came up, in late June/early July, in "Der Spiegel" for example. And shortly afterwards there were a few other stories about how this was obviously from the Tales & Legends Dept.

Just think for a few seconds. Yes, it is true that you don't have to declare cash with a face value below €10,000 at the external and internal borders of the European Union. So yes, theoretically you could make money from the difference between the face value and the "market value" based on the silver content.

However, if you buy such a coin in Austria, you pay 20 percent VAT on top. If you buy the same coin in Germany, you pay 7 percent only. Guess what happens if you later want to sell them in Germany ...

Another question is, if you want to transport the equivalent of those €10,000 in Silver Phils, you would have to shlep a lot of coins. Sorry, sounds like a good story, but is simply not realistic.

Christian