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2014 Latvia Prestige Metals Two Euro Coin Set

AUD$47.50

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SKU: 2014LatviaPrestigeTwoEuroSet-EC5 Category:

This is a truly beautiful set of two euro coins plated in precious metals from Latvia which was issued in 2014.

Each coin is plated in a different rare metal. Yellow Gold, Red Gold, Platinum and Ruthenium. Not pure metal coins but coins with the normal euro metal base of nickel and copper and then coated.

They are housed in a sturdy plastic case and come complete with a full set of documentation and a certificate of authenticity.

Only 9,999 sets were released making these very special. Euro coin mintages are often in the 10’s of millions.

No matter whether you are beginner or an advanced collector this set will sit very nicely in any collection.

Pictures are originals and the plastic case does not allow one to really see how lovely these 4 mint  coins really are.

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Design

Country –           Latvia
Year –                2014
Total coins –       4
Denomination –  2 Euros
Diameter –         25.75 mm
Thickness –        2.20 mm
Weight –             8.5 grams
Metals –              Gold, Red Gold, Platinum, Ruthenium
Coin Obverse –   Latvian maiden
Coin Reverse –   Standard 2 Euro design for all of the Euro zone
Coin edge text – Dievs, svētī Latviju (GOD BLESS LATVIA) which is also their national anthem

Most of us are fully aware of gold and platinum but what is Ruthenium?

Ruthenium is a chemical element with symbol Ru and atomic number 44. It is a rare transition metal belonging to the platinum group of the periodic table. Like the other metals of the platinum group, ruthenium is inert to most other chemicals. The Baltic German scientist Karl Ernst Claus discovered the element in 1844, and named it after Ruthenia, the Latin word for Rus’. Ruthenium usually occurs as a minor component of platinum ores; annual production is about 20 tonnes. Most ruthenium produced is used for wear-resistant electrical contacts and the production of thick-film resistors. A minor application of ruthenium is its use in some platinum alloys, and as a catalyst.

History

In 2014 Latvia began the new year by joining the euro zone and thereby becoming the 18th member of the group of EU states which uses the euro as its currency. The former Soviet republic on the Baltic Sea recently emerged from the financial crisis to become the EU’s fastest-growing economy. Correspondents report much skepticism in the country after recent bailouts for existing euro zone members. But there is also hope that the euro will reduce dependency on Russia. Latvia replaced its previous currency, the lats, with the euro on 1 January 2014, after a European Union (EU) assessment in June 2013 asserted that the country had met all convergence criteria necessary for euro adoption. The adoption process began 1 May 2004, when Latvia joined the European Union, entering the EU’s Economic and Monetary Union. At the start of 2005, the lats was pegged to the euro at Ls 0.702804 = €1, and Latvia joined the European Exchange Rate Mechanism (ERM ll), four months later on 2 May 2005.

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