Discussion in 'World Coins' started by Morgandude11, Jul 6, 2022.
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Edit: after checking ebay, they sure sell for more than they used too....
Here is the numista page
And here is some detail from Wikipedia:
some of that info (more in the link above)
"In February 1929, the Latvian Ministry of Finance decided to issue a ℒ 5 circulation coin depicting the head of a maiden, which would symbolize the Republic of Latvia and freedom. The coin was designed by Rihards Zariņš. The image of the maiden on the coin is colloquially known as Milda (a Latvian female name). The model was Zelma Brauere (1900-1977), a proofreader of the State Securities Printing House. She served as a model for other works of the artist, including the ℒ 10 and ℒ 20 banknotes and the 50s coin."
This one was $55, shipped from Canada. I know it is common, but this one was very nice in terms of surface preservation.
Gonna have to use Google translate. I can read and speak a fair amount of Russian and Ukrainian, but not Latvian.
I had to google translate too (my Latvian is non-existent ).
Just the fact that they were coeval with the Morgan dollar and there is a resemblance, makes them interesting, I think.
It's hard to determine the grade of the OP coin but it seems to have minimal contact marks, a key factor for these coins which were stored in bags.
The 5 lati crowns were minted in 1929, 1931 and 1932. The 1932 date is the scarcest.
The model for the obverse was Zelma Brauere (1900 – 1977).
Here's more information on her:
Also, here's my 5 lati.
Latvia, AR 5 Lati, 1931.
According to my local coin dealer, these coins were scarce before the breakup of the Soviet Union. Following that pivotal event, large numbers of these coins appeared on the market. Still, finding an appealing example is a challenge.
Yes, that is correct about the Latvian coins flooding the market once the Soviet Union collapsed. The smaller commemorative AR 2 Lati coins were very tough at one time, then an enormous flood hit the market. There was some fear back around 1995 that the same would hold true for Tsarist era Russian coins, that a deluge would flood the market and prices would drop, but the flood never arrived. For those collectors who got into the Russian market in 1995 then got out at the top in 2008, a gain of around 20 TIMES the initial outlay. The Baltic countries material in gem BU seems to have held-up pretty well so far all things considered, though something like a 1931 Latvia 2 Lati in XF/AU is only worth a fraction of what it was pre-breakup.
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