2018-05-23 Wed

Bank of Latvia released a new collector coin named “Honey Coin” on 22nd May. A competition was held in January 2017 to find the most innovative coin in terms of motif, design or technical solution. 42 designs were submitted which were all examined by the Coin Design Commission of the Latvia Bank. Honey coin designed by Arturs Analts won the first prize in this competition.

Honey bees are an integral part of Latvian folk songs. It is not just consumed as food but is also a traditional medicine and an important cosmetic product. Apart from that, Honey Bees also represent diligence and sweetness of work. They play a very vital role in maintaining biological diversity.

The coin is struck in silver and plated in gold at Lithuanian Mint. Honeycomb cells are placed within the borders of a rough Latvian map and the Gulf of Riga. The special effect is achieved by applying different frosting techniques. The uniquely shaped coins can be placed side-by-side to form a bigger honeycomb.

Although the collector coin is legal tender in the Republic of Latvia, it has a mintage limit of 3,000 pieces and can be purchased for 53.00 euro each.

Image Courtesy: Bank of Latvia