Thursday, April 25, 2013

Bank of Latvia issues 'Baby coin'

In Latvian tradition the newborn baby is visited about a month after arrival for wellwishing and to provide some tangible gift. It has been popular to give a newborn a silver or gold coin as a present. The latest coin would be ideal for such an occasion.

RIGA(BullionStreet): This post will highlight two coins recently released by the Bank of Latvia. The first is the “Baby coin” which is issued in dedication to folk traditions.

The obverse features the charming image of a cradle with baby being held by a bird. The inscription “LATVIJAS REPUBLIKA” appears beneath. On the reverse is the image of a mouse pulling a chest full of sweet dreams. The denomination “1 Lats” appears beneath.

In Latvian tradition the newborn baby is visited about a month after arrival for wellwishing and to provide some tangible gift. It has been popular to give a newborn a silver or gold coin as a present. The latest coin would be ideal for such an occasion.

Each coin is struck in .925 silver to proof quality. The weight is 22 grams and the diameter is 35 mm. The mintage is limited to 5,000 pieces. The price at Latvian Cashier’s Offices is 32.92 Lats (about $62).

The next coin is issued by the Bank of Latvia for the Eurostar Programme, which this year highlights European writers. Latvia’s coin honors RĂ…«dolfs Blaumanis, a writer, journalist, and playwright. He is considered a master of realism and one of the greatest writers in Latvian history. The release coincides with the 150th anniversary of his birth.

The obverse design features a portrait of the author with the titles of some of his works in the background. His name appears in the left field with the date “2013? below. The Eurostar symbol also appears. On the reverse is a homestead surrounded by trees, which appears on a tree leaf. The inscription “LATVIJAS REPUBLIKA” appears above with the denomination “1 LATS” below. The design seeks to convey the search for human harmony centered around the ideal of family and native land which had been the theme of the author’s works.

Each coin is struck in .925 silver to proof quality with a weight of 22 grams and diameter of 35 mm. The maximum mintage is 5,000 pieces, and the coins are available at Cashier’s Offices at 32.92 lats.


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