Latvian 1 Lats Parity coin price increase by 50% in one day!
We mentioned yesterday about people queueing to get the last Latvian 1 lats coin, but today we can report that 1 Lats Parity coin retail price in numismatic stores in Riga and on eBay increased by 50%, and now cost LVL 1.50 (ab. USD 3.00 and EUR 2.13).
If we will gonna look on previous commemorative circulation 1 lats coins, than usually retailers sold this coin by 10% higher than The Bank of Latvia, so such a sharp increase in price on 1 Lats Parity Coin is unusual.
1 lats Parity coin was sold out in The Bank of Latvia less than in one day, so today people was queueing in local numismatic stores. On the twitter The Bank of Latvia told 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.
It is possible that shortly prices can go even higher, up to 100% and even more, beacause of such a high local demand.
If we will gonna look on previous commemorative circulation 1 lats coins, than usually retailers sold this coin by 10% higher than The Bank of Latvia, so such a sharp increase in price on 1 Lats Parity Coin is unusual.
1 lats Parity coin was sold out in The Bank of Latvia less than in one day, so today people was queueing in local numismatic stores. On the twitter The Bank of Latvia told 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.
It is possible that shortly prices can go even higher, up to 100% and even more, beacause of such a high local demand.
Related Latvian coins:  | Related News and Articles:People are queuing to get the last Latvian 1 lats coinPeople 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). Read full article -> 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 full article -> |
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