Created on 12.09.2011

Today, 150 years after opening the railway stretch from Riga to Daugavpils, the Bank of Latvia issued a new 1-lats collector coin "Railway in Latvia". The coin has been designed by Aigars Ozoliņš and modelled by Ligita Franckeviča.

The Bank of Latvia collector coins are miniature art works dedicated to Latvian treasures: events, achievements, people, and the nation's cultural values. In 1860, when the stretch of the St. Petersburg–Warsaw railroad to Daugavpils was completed, the first trains rolled over Latvian land and Robert Stephenson's factory produced the first steam engines for use on the Riga–Daugavpils (former Dinaburg) line. Riga–Daugavpils railway was opened on 12 September 1861 with the aim to develop port facilities and manufacturing in Riga, thereby laying the foundation for further expansion of the rail network in Latvia.

The coin will be officially released on 15 September at 12.00 p.m. in Latvian Railway history museum at the opening of the exhibition "Railway to Latvia. Latvia to Railway" dedicated to the 150th anniversary of Riga–Daugavpils railway .

The 1-lats silver coin "Railway in Latvia" is legal tender in the Republic of Latvia. The maximum mintage of the coin is limited to 5 000. The coin 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 29.10 lats.

Information for editors

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.

Since the re-introduction of the lats, the Bank of Latvia has issued 85 collector coins of which many have won awards at the most prestigious international events of coin design art.