The Bank of Latvia has released the 2013 “365” 1 Lats Silver Coin, which is intended to offer intellectual and scientific reflection on the topic of time and change. This also marks the end of the era of the renewed lats, ahead of the switch to the euro.
The obverse design includes a line around the circumference, which extends the full 360 plus an additional 5 degrees as a reference point for time with the year “2013” at the top. Concentric lines within the circle represent the time divisions of 1 second, 1 minute, 1 hour, 1 day, 1 month, and 1 year. Fractions based on the number four are incorporated to represent the seasons, points on the compass, and quarters. The inscription “LATVIJAS REPUBLIKA” appears in a semi circle near the base.
The reverse design consists of a pattern of lines which turn into circles, creating a representation of the number 1 for the denomination. The word “LATS” appears at the lower left portion of the design.
Each coin is struck in 92.5% silver to proof quality with a weight of 16.40 grams and diameter of 30.00 mm. The coins are struck by Koninklijke Nederlandse Munt (the Netherlands) and designed by Paulis Liepa. the mintage is 5,000 pieces.
I have particularly liked several of Latvia’s previous commemorative coins, which tend to take an innovative or uncharacteristic approach to the given subject creating extremely evocative designs.
2014 Coin of the Year Awards
Today, Krause Publications announced the category winners for their 2014 Coin of the Year Awards. A few of the choices were surprising and some 2012-dated coins which I particularly liked will not be receiving an award.
CoinUpdate.com carries an article with a list of the winners and full sized images of all of the coins.