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Tuesday 25.10.2016 | Name days: Beāte, Beatrise

Bank of Latvia releases silver coin dedicated to 500 years of Livonian ferding

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUOn Tuesday, 8 December, the Bank of Latvia releases a special EUR 5 coin dedicated to the 500 years of Livonian ferding. This special coin performs an important cultural and historic mission.

The coin’s graphic design was produced by Laimonis Senbergs and the gypsum cast was made by Ligita Franckevica. The coin itself was struck at Koninklijke Nederlandse Munt.

The obverse of the coin bears a similar design to ferding of 1515. It features an image of Archbishop Jaspers Linde, the coat of arms of the family of Walter von Pletenberg, Grandmaster of the Livonian Order and elements of the Livonian cross. He reverse of the coin features the image of the reverse of ferding struck in 1515, which has an image of Virgin Mary holding a child in her right and a scepter in her left hand.

This coin is dedicated to the 500 year jubilee of one of Latvia’s historic elements – ferding. This silver ferding is not for everyday expenses. It serves a different purpose – popularize and raise awareness of interconnectivity of the European monetary system and its influence on culture. It is worth noting that this is not the first special coin dedicated to Latvia’s history – four years ago the Bank of Latvia released a pfennig reminiscent of those struck in Bishop Albert’s time.

The special 600 years of ferding is a legal means of payment in the Republic of Latvia. It is unlikely, however, that this coin will ever end up in circulation, as coins of this kind are in high demand among collectors. The total number of coins struck is 7,000.

The price of this coin in branches of the Bank of Latvia is EUR 28. The coin will be made available for purchase in branches of the Bank of Latvia in Riga (K.Valdemara Street 1B) and Liepaja (Teatra Street 3) and traditional coin-selling stores. ( Starting from 1 December, Bank of Latvia offers the option to buy coin collections and other numismatic products in the e-shop of Latvian Post (

The new silver coin is also the first one to become available for reservation in the Bank of Latvia’s reservation system, which is now open at in Coins section (


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