On June 17, the Bank of Latvia launched a new collector coin to mark the 500th anniversary of Riga Castle. This important symbol of Latvia is a characteristic feature of the Riga skyline and has been witness to the power or weakness of rulers for centuries.
The obverse of the square shaped coin features the stone moldings on the gateway of the Riga Castle convent showing the Madonna and Wolter von Plettenberg, the Master of the Livonian Order. The inscriptions 5 EURO and LATVIJA are placed on the left and right respectively, with the year 2015 featured underneath.
The reverse features a bird’s-eye view of the stylized Riga Castle in the center topped by the inscription RĪGAS PILS (Riga Castle), while the year 1515 situated at the lower part of the reverse.
Each coin is struck in 92.5% silver to proof quality. The weight is 26.00 grams. The graphic design has been created by Ivars Drulle and Ilze Lībiete, and the author of the plaster model is by Ivars Drulle. The coin was struck by Faude & Huguenin SA (Switzerland).
A maximum mintage of 7,000 pieces has been established. The collector coins are on sale at Cashier’s Offices of the Bank of Latvia priced at 41.07 euro.