lv
Created on 04.12.2012

On 4 December, the Bank of Latvia will issue a new 1-lats circulation coin with Christmas bells featured on the reverse. It is legal tender in the Republic of Latvia. The coins will be circulated in the same way as any other circulation money, reaching commercial and other enterprises as well as population through banks.

The coin has been designed by artist Holgers Elers and modelled by sculptor Laura Medne. The new 1-lats coins were struck at the German mint Staatliche Münze Baden-Württemberg.

For 11 years now, the Bank of Latvia has kept alive the tradition of issuing special 1-lats circulation coins. A coin with an image of a stork opened the series, and since 2004, a new coin has been put into circulation twice a year to mark Līgo (or summer solstice) festivities and the Christmas season (details on the full set of special 1-lats coins are available at http://www.bank.lv/en/money/1-lats-ls-1-in-short).

Bells as a musical instrument as well as a decoration have a place in the Christmas traditions of European nations since long ago. Alongside with the gingerbread heart featured on the 1-lats coin released into circulation a year ago, bells are one of the most traditional symbols of joyful festivities in Latvia.

The reverse of the new 1-lats coin features two bells tied by a ribbon. The minting year of the new coin (2012) is featured on the obverse, beneath the large coat of arms of the Republic of Latvia. In terms of the edge, size, metal used and weight, there are no other differences vis-á-vis the other 1-lats circulation coins.

The total circulation of the coin is one million, and, like all other special 1-lats circulation coins, it will not be supplemented.