The Bank of Latvia has issued a gold 100 lats coin made of pure gold, its fineness being 999. This is the first gold circulation coin in the history of the independent Republic of Latvia. The 100 lats coin was struck by the Finnish mint "Rahapaja Oy" as Latvia celebrated its 80th anniversary.
Twofold value of the coin
This is a coin of the Bank of Latvia with a face value of 100 lats and it means that you will always be able to receive goods or services for such an amount of money. However, the value of the coin’s gold content, by 1998 gold prices, also approached 100 lats. For many centuries gold has been recognised worldwide as a measurement of value. Many people still prefer to accumulate their savings in gold. Should you decide to keep a gold 100 lats coin, you would have in your possession both a 100 lats coin and a certain amount of gold as a precious metal (16.2 g). The global gold price can either increase or decrease. In case it rises at the precious metals market, the value of the coin’s gold content can exceed 100 lats. Consequently, this coin has a value that will not be lost even during a global shock.
Measurements: diameter 24.00 mm, weight 16.2 g.
Material: gold, fineness .999.
Artists: Sandra Belsone, Janis Strupulis.
Design
Obverse: The large coat of arms of the Republic of Latvia, with the year 1998 inscribed below, is placed in the centre. The inscriptions LATVIJAS and REPUBLIKA, each arranged in a semicircle, are above and beneath the central motif, respectively.
Reverse: The numeral 100, intertwined with an open circle symbolizing development, is figured in the centre. The inscription LATU, arranged in a semicircle, is placed in the lower part. The coin's weight and the fineness of the metal (16.2 g Au .999) are also indicated in the lower part.
Edge: Three reeded and smooth segments are alternated. |
