As we wrote in one of our last articles, on 6th November The Bank of Latvia issued last commemorative or so called "special" circulation 1 lats Parity Coin, featuring the exchange rate of the lats to the euro on the reverse (1 Lats = 1,42 Euro).
With this coin ends the programme of The Bank of Latvia of diversifying the design of Latvian money, from year 2001 issuing 1-lats coins depicting signs, images and events characteristic of Latvia.
Majority of previous such a "special" 1 lats coin mintage was 1 000 000 coins, but as fron the January 2014 Latvian will implement euro, The Bank of Latvia made decision to mint only half or 500 000 coins, because all Latvian circulation coins will be melted.
Only first special circulation 1 Lats coins was minted in less than 1 000 000 pcs. - 1 Lats Stork coin (year 2001) was minted in 250 000 pcs and 1 Lats Ant coin (year 2003) - minted in 500 000 pcs.
People in Latvia really liked this 1 Lats coins, not even being numismatists or regular collectors.
But even this can not explain the fact that there was such a big queue - bigger then for the most popular re minted Latvian silver 5 Lats coins (year 2012).
On the twitter The Bank of Latvia wrote that they sold thow their branches 1/2 of the 500 000 coins. Other 250 000 are in Latvian commercial banks. But as we know, there is also hard to get them.
Of course some of the people just wanted to buy some coins to fill their special circulation 1 Lats collection, but majority was buying 1 Lats Parity Coin in packs (hundreds and more!). This is so called speculators, who are waiting that coins will go up in the price. Maybe they are even waiting price as high as for the 1 Lats Ant coin (year 2003) that cost EUR 14,23 and 1 Lats Stork coin (year 2001) which currently cost EUR 21,34 (their are still legal circulation coins).
This show that also upcoming Latvian commemorative 2 euro coins can be as popular as special commemorative 1 lats coin. We think people in Latvia will like it.
With this coin ends the programme of The Bank of Latvia of diversifying the design of Latvian money, from year 2001 issuing 1-lats coins depicting signs, images and events characteristic of Latvia.
Majority of previous such a "special" 1 lats coin mintage was 1 000 000 coins, but as fron the January 2014 Latvian will implement euro, The Bank of Latvia made decision to mint only half or 500 000 coins, because all Latvian circulation coins will be melted.
Only first special circulation 1 Lats coins was minted in less than 1 000 000 pcs. - 1 Lats Stork coin (year 2001) was minted in 250 000 pcs and 1 Lats Ant coin (year 2003) - minted in 500 000 pcs.
People in Latvia really liked this 1 Lats coins, not even being numismatists or regular collectors.
But even this can not explain the fact that there was such a big queue - bigger then for the most popular re minted Latvian silver 5 Lats coins (year 2012).
On the twitter The Bank of Latvia wrote that they sold thow their branches 1/2 of the 500 000 coins. Other 250 000 are in Latvian commercial banks. But as we know, there is also hard to get them.
Of course some of the people just wanted to buy some coins to fill their special circulation 1 Lats collection, but majority was buying 1 Lats Parity Coin in packs (hundreds and more!). This is so called speculators, who are waiting that coins will go up in the price. Maybe they are even waiting price as high as for the 1 Lats Ant coin (year 2003) that cost EUR 14,23 and 1 Lats Stork coin (year 2001) which currently cost EUR 21,34 (their are still legal circulation coins).
This show that also upcoming Latvian commemorative 2 euro coins can be as popular as special commemorative 1 lats coin. We think people in Latvia will like it.
Related Latvian coins: | Related Articles and News:Last "special" circulation one lats coin: 1 Lats Parity Coin, year 2013.On 6 November, the Bank of Latvia is issuing a new special 1-lats circulation coin, the Parity Coin, featuring the exchange rate of the lats to the euro on the reverse. Read more -> Latvian Collector and Commemorative euro coins in 2014Next year the Bank of Latvia will continue perpetuate on coins Latvian cultural and historical heritage. But not on the Latvian Collector Lats coins, but on Latvian Collector euro coins and Latvian Commemorative 2 euro coins. Read more -> |
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