Insights

Modern silver, gold commemorative coins bring Latvia's iconic folk maiden back to life

From “Latvia’s folk maiden” in July 7, 2014, issue of Coin World
By Jeff Starck , Coin World
Published : 06/20/14
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Editor’s note: The following is the second of a three-part Coin World series by about Latvia’s folk maiden as she appears on coins prepared by Jeff Starck for the July 2014 monthly edition of Coin World.

Other posts in the series include:

When Latvia began using the euro on Jan. 1, 2014, a popular symbol celebrating the triumph of freedom in that Eastern Bloc nation returned to circulation.

On that date, Latvia’s folk maiden, an iconic symbol of freedom and, some say, love returned to the nation’s daily coinage some 70 years after war forced into hiding the prior circulating silver coins with the famous design.

The design appeared originally in 1929 on what may still be the most popular of Latvian coins, a silver 5-lats coin. Since then, it has been used for a gold 5-lats collector coin and a silver 5-lats collector coin in modern times and, now, on circulating 1 and 2 coins from Latvia. 

The stories behind the design and the woman who inspired the motif are timeless.

Modern commemoratives bring folk maiden back to life

Latvia’s Folk Maiden design proved so popular that the Bank of Latvia revived the design for a small gold commemorative coin in 2003 and a silver commemorative coin in 2012. 

The .9999 fine gold 5-lats coin was part of the international Small Gold Coins of the World program, sharing with collectors in other countries the design that was so inspirational to Latvians.

The 1.2442-gram coin measures 13.92 millimeters in diameter and was struck in 2003 by Valcambi SA, a private gold refiner in Switzerland. The plaster cast was modeled by Ligita Franckevica and shows the same basic design as the historic 5-lats coin (the date differs, for instance), but by the hand of Gunars Cilitis. As on the earlier coins, the portrait side is considered the reverse.

The coin commemorated the 10th anniversary of the return of the lats currency after the breakup of the Soviet Union.

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