The Bank of Latvia has released their first Euro collector coin, following the changeover from the Lats currency. The coin commemorates the 150th anniversary of the Ainaži Nautical School.
The obverse of the coin features an interesting arrangement of four different sailing ships positioned symmetrically around the outer rim of the coin, which is bordered by water. At the center is the denomination of “5 EURO”.
The reverse design features a representation of a compass with the direction north colored red. Inscriptions around the edge include “AINAŽU” at the top and “JŪRSKOLA” and the dates “1864” and “2014” to the sides.
Each coin is struck in 92.5% silver to proof quality with a weight of 22.00 grams and diameter of 35.00 mm. The coins are indicated as available at Cashier’s Offices of the Bank of Latvia priced at 35.99 Euro.
The Bank of Latvia has also recently published a video entitled “The Artist and His Muse” recounting the story of the folk maiden on Latvian coins. As discussed in a previous post, this popular and beautiful design was used for the original 5-lats silver coins issued in 1929. The design has been reused on a 1/25oz gold coin issued in 2003, a silver 5 lats coin released in 2012, and now the new 1-Euro and 2-Euro circulating coins.