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Riga, 9 October 2008

Today the Bank of Latvia issues a silver collector coin "The 90th Anniversary of Latvia's Statehood" (Latvijai 90). The coin has been designed and modelled by artist Aigars Bikše. 

The coin Latvijai 90 is a dedication to the state on its anniversary, celebrating its origins and ascertaining people's faith in the future. The obverse of the coin features the first coat of arms of the Republic of Latvia, designed by the sculptor Burkards Dzenis (1879-1966), with the radiant sun of the insignia of the Latvian riflemen to encircle the three stars symbolising the united regions. The reverse of the coin features a child's stylised picture of a boy and a girl who hold a small national standard in their joined hands; they fly the flag of the future. This is the second coin in which a distinctive layer of paint has been used to depict the red-white-red national flag (the same technique was used in the collector coin "The Rebirth of the State of Latvia"). 

The silver 1-lats coin Latvijai 90 is legal tender in the Republic of Latvia. The number of issued coins is limited to 5 000. The description of the coin is enclosed. The coin Latvijai 90 will be on sale at the Bank of Latvia and such traditional points of coin sale as banks and souvenir and jewellery shops. The price of the coin at the Bank of Latvia's cashier offices is 22.50 lats. 

Editor's information
Money in form, collector coins are in fact works of art. They are usually made of gold, silver or other precious metals of especially high fineness.  As opposed to currency in general circulation, collector coins are usually not intended to be used as a means of payment, but as a gift, souvenir or collector's item. Consequently, the price of collector coins is considerably higher than their nominal value.