Latvia to issue the first 2 euro special design coin, dedicated to Riga

Latvia to issue the first 2 euro special design coin, dedicated to Riga
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28-03-2014 Latviski A+ A-
The Council of the European Union has approved the design of Latvia’s first 2 euro commemorative coin with a special design, dedicated to the country’s capital city Riga, the European Capital of Culture 2014, and on the 27th of March, 2014 published an announcement about it in the Official Journal of the European Union.

The coin features a panoramic view of the Old Town. The author of the graphic design is Henrihs Vorkals, and the plaster model has been created by Jānis Strupulis.

The issue of the very first 2 euro commemorative coin is planned for the beginning of autumn 2014.

The mintage number of the coin will be 1 million, with 5,000 coins (graded “Brilliant Uncirculated”) minted additionally and packed in special souvenir boxes.

Currently the last formalities of the agreement on the production of the coin with the German mint “Staatliche Münze Baden-Württemberg” are underway. The Latvian euro circulation coins were also struck at this mint.

Every year, each euro area country is entitled to issue two special 2 euro commemorative coins (similar to the 1 lat special circulation coins previously issued in Latvia), featuring events of national, European or global significance. Furthermore, euro area countries can additionally produce a third 2 euro commemorative coin, provided that it is issued jointly and that it commemorates events of Europe-wide importance.

These commemorative coins bear the same features and the same European side as well as the edge as the 2 euro coins of general circulation, while their national sides carry commemorative motifs.

These euro coins of special design are legal tender throughout the euro area. They can be used and must be accepted just like any other euro coin.

The issue of collector coins with motifs characteristic of Latvia, executed to high artistic standards, is another area of coin art. As before, the Bank of Latvia is planning to produce from 5 to 7 collector coins with the euro nominal on an annual basis.

Collector coins are legal tender only in the issuing country. They are unlikely to come into general circulation, for, by their nature, they are works of art which are highly in demand from the numismatic community.

The nominal value of collector coins (e.g. 5 or 10 euro) must differ from that of coins in general circulation.

Their specifications, including colour, diameter, weight, material, etc., shall be cardinally distinctive from the coins in general circulation.

In 2014, the Bank of Latvia will continue minting collector coins featuring cultural and historical values and symbols characteristic of Latvia. The euro collector coin issuing programme for 2014 includes dedications to the 300th anniversary of Gothard Friedrich Stenders (Old Stenders), the “White Book” by Jānis Jaunsudrabiņš, the Baroque style and art in Kurzeme, and the 25th anniversary of the Baltic Way. A coin of innovative artistic, technological or thematic concept is also planned. This year, it will commemorate Latvian seasonal celebrations, featuring the four seasons and the related work activities and celebrations.

Latvia’s first collector coin celebrating 150 years of Ainaži Nautical School was issued on the 5th of March, 2014.


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