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 Replies: 11 / Views: 2,998 |
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Pillar of the Community
Canada
2805 Posts |
Come January 1, 2014, Latvia will officially begin using the Euro! You have been warned. The following designs have been selected as the most popular, except the 2-euro coin which is just using the same design as 1-euro (the winner, the Freedom Monument in Riga holds up 3 stars in real life, making it difficult to integrate those 3 with the 12 required by EU guidelines):     The Latvian coat of arms will be used for all cent denominations (the shield on the copper coins, and the full arms on the brass coins - yes, I know they're not really copper or brass), while the Latvian Maiden featured on the pre-Soviet 5 lati coin will be used on the 1 and 2 euro coins. This will make the lats the fourth pre-Euro currency to be worth more than the Euro, behind the Irish pound, Cypriot pound, and Maltese lira. So... now's the time to buy lati, while they're still wide-spread in circulation! Personally, I really like the Latvian Maiden design and next time I'm in Europe I won't rest until I find one. Edited by nalaberong
10/13/2013 4:10 pm
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Pillar of the Community
 Canada
2805 Posts |
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Pillar of the Community
United Kingdom
837 Posts |
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Bedrock of the Community
Canada
11922 Posts |
This is very interesting...
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Pillar of the Community
Germany
1238 Posts |
The mint in the video is the one in Stuttgart by the way. They have, like some other European mints, made coins for Latvia before. The Latvian euro coins will, however, not have any mintmarks.
The second country to issue euro coins in January 2014 is Andorra. But for them the currency is not exactly new. ;) It's just that we will soon have euro and cent coins with Andorran designs too.
And yes, the "initial supply" for a new euro country will always have the introduction date (in this case, 2014), not the production date. Later that will be different. Same thing with the very first euro coins, minted in 1998: Some countries picked "1999" as the first year to appear (since that was when the euro started for non-cash transactions), others picked "2002" as that was when the coins became legal tender ...
Christian
Edited by chrisild
10/14/2013 09:41 am
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Pillar of the Community
Canada
2805 Posts |
When Poland joins the Euro, you'd think they will break this trend.
Polish new zlotych began production in 1990, but were only introduced in 1995...
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Pillar of the Community
Germany
1238 Posts |
Don't know what the Polish government would do when - or rather if - the country joins the currency union. Personally I would find it odd if the coins showed a year prior to the actual euro introduction, but I don't think there is a fixed rule. However, that is a fairly hypothetical question in my opinion; Lithuania will probably be the last country to get in for a while. As for any countries beyond that ... in the next decade maybe. By the way, The Royal Mint (UK) and the Austrian Mint also ship coins early. Both have sent me coins dated, say, 2013 in late 2012. :) Christian |
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Pillar of the Community
Germany
1064 Posts |
The Royal Mint got lots of people thinking about early retirement with the Olympic 50ps being released in 2010. When they realised they were were only up to 5 pounds (for those with far too much money to burn) they were probably very disappointed. The Euro has coins with 1999 on them from certain countries, even though the Euro come out in 2002.
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Pillar of the Community
Canada
2805 Posts |
I'm hoping Armenia gets in the EU, although Turkey's coins are nice enough as is (I really dig that bimetallic 50 kurus).
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Pillar of the Community
Germany
1238 Posts |
Quote:The Royal Mint got lots of people thinking about early retirement with the Olympic 50ps being released in 2010. When they realised they were were only up to 5 pounds (for those with far too much money to burn) they were probably very disappointed. Yeah, coins are hardly ever a good idea when it comes to retirement plans. ;) Quote:
The Euro has coins with 1999 on them from certain countries, even though the Euro come out in 2002. Umm, see my earlier message regarding the euro dates. The euro as a currency was "born" on 1-Jan-1999, and since that date the old currencies of the 11 original euro countries have been "non-decimal sub-units" of the euro. It simply took three years until the cash became legal tender. France for example decided to pick "1999" for the coins minted in 1998, Germany for example picked "2002" for the coins minted at the same time. And while I think it may be a little confusing to have Latvian euro coins dated "2013" while the euro will be legal tender there until 1-Jan-2014, it would not matter that much these days. Also keep in mind that in about two months (mid-Dec) people in LV can get those starter kits. That would also be 2013, hehe. Christian Edited by chrisild
10/15/2013 05:52 am
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Valued Member
Netherlands
173 Posts |
And In december 2013 the first Latvia coins are available. In the form of two different startkits:
Starterkit I: €14,29 in Latvia eurocoins.
Starterkit II: €200 euro in Latvia eurocoins in rolls.
In January circulation coins will be available.
Further the Latvia Mint has planned a proof coinset and a BU-coinset!
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Pillar of the Community
Canada
2805 Posts |
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Replies: 11 / Views: 2,998 |
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Posted 10/13/2013 3:44 pm
I had no idea about Latvia joining in the single currency 
, thanks for the link to the video showing all those shiny new coins 
