Published: 07.11.2012

The Bank of Latvia has issued a new 1-lats collector coin "Kārlis Zāle". The coin has been designed by Krišs Salmanis and modelled by Ligita Franckeviča. It was struck by Koninklijke Nederlandse Munt (the Netherlands) and issued under the official European Silver Programme of the EU Member States.

The Bank of Latvia collector coins are miniature works of art dedicated to the Latvian treasures: events, achievements, people, and the nation's cultural values. The outstanding Latvian sculptor Kārlis Zāle (1888–1942), whose talent shone briefly but brightly, lives on in the collective memory of the people as the author of visual symbols of national independence and freedom fights, and the Freedom Monument designed by K. Zāle and the memorial ensemble of the Brethren Cemetery created by him and his contemporaries have gained the status of national treasures.

The central field of the obverse features K. Zāle's portrait taken from the sculptural group "Work" of the Freedom Monument, while the reverse displays Wounded Horseman I, a sculpture from the memorial ensemble of the Brethren Cemetery in Riga.

The collector coin "Kārlis Zāle" is legal tender in the Republic of Latvia. The maximum mintage of the coin is limited to 7 000. The coin is on sale at the Bank of Latvia (including the new Cashier's Office at K. Valdemāra iela 1b in Riga) and such traditional points of collector coin sale as banks and souvenir and jewellery shops. Its price at the Bank of Latvia cashier's offices is 32.92 lats. The description of the coin is enclosed.

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 90 collector coins, of which many have won awards at the most prestigious international events of coin design art.