Press Release of March 12, 2004

The Latvian coin series Roots, comprising three silver 1-lats coins Earth, Heaven and Destiny, has won the award Most Artistic Coin in the annual Coin of the Year competition conducted by the US World Coin News and Krause Publications of the USA in 2003.

The Bank of Latvia has received this prestigious award already for the second time. In the Coin of the Year competition in 2001, the button-shaped collector coin Millennium was voted the most innovative coin of the year.

Austria with its 5 Euro coin dedicated to the Schoenbrunn Zoo was chosen as the Coin of the Year. Awards in other categories went to:
the US - Most Historically Significant Coin,
the UK - Bets Contemporary Event Coin,
Austria - Best Gold Coin,
the US - Best Crown,
Brazil - Best Trade Coin,
The Isle of Men - Most Innovative Coinage Concept,
Alderney (the Channel Islands) – Most Inspirational Coin.

The awards will be presented to the winners at the conference of the American Numismatic Association to be held in August of the current year in Pittsburgh, USA. 

According to specialists, the Standard Catalogue of World Coins published by Krause Publications of the USA, is the largest and most prestigious of its kind in the world. It is very popular among numismatists and coin experts; hence the two subsequent nominations of the Latvian coins within the only ten-year long history of collector coins are to be recognised as an outstanding achievement.

The coins within the series Roots have been designed by graphic artist Juris Petraskevics and modelled by sculptress Ligita Franckevica. They have been struck at the Mint of Finland Ltd. The Bank of Latvia's series Roots commemorates eternal values and commences the largest national collector coin program Latvia. Times and Values. The program will consist of four series, each comprising three coins.  At present, the second series Time is in the making, with its three coins dedicated to the three parts of Latvia - Kurzeme, Vidzeme and Latgale - communicating the story of Latvia's history.

Alongside with other beautiful and valuable collector coins of Latvia, the coins produced within this program are available at the Bank of Latvia's cash desks, other banks and outlets.