Thursday, May 20, 2010

Russia largest gold coin

The Central Bank of The Russian Federation (Russian: Центральный банк Российской Федерации) will issue a 5 kg commemorative gold coin to mark its 150th anniversary next month. The 50,000 rubles coins will be issued after 12 June 2010, and minted in .999 proof condition. Only 50 pieces of this coins will be issued and additional coins will be minted according to demand. The price of the coin will be decided according to current gold market price. According to news, there is a plan to produce a 150 kg coins but due to limited capabilities of Goznak coin minting enterprises, the idea cannot be carried out.

The obverse of the gold coin in denomination of 50000 Rubles: framed by a stylized circle - the relief image of the Emblem of the Bank of Russia - the two-headed eagle with wings down and the semicircular inscription under it "БАНК РОССИИ" (BANK OF RUSSIA), lower, under the Emblem - the year of issue "2010" and the relief images of the State Emblems, used in banknotes’ designs since the State Bank was founded (the State Emblem of the Russian Empire, the Emblem of The Provisional Government of Russia, the State Emblems of the RSFSR and USSR). At the top, over the Emblem – the indication of the denomination of the coin “ПЯТЬДЕСЯТ ТЫСЯЧ РУБЛЕЙ” (FIFTY THOUSAND RUBLES), at the bottom - the indication of the metal according to the D.I. Mendeleyev Periodic System of Elements, the purity, the trade mark of the Saint-Petersburg Mint and the fine precious metal content and the original number sign of the coin.

The reverse of the 50000 Rubles gold coin contains the relief images of the portraits of the Emperor Alexander the II, the first State Bank managers - A.L. Shtiglits (1860-1866) and E.I. Lamanskiy (1867-1881), performed in the patterned medallions, of the Saint-Petersburg Regional branch building (1860-1918) and of the griffins, decorating the Bank Bridge in Saint-Petersburg on the Griboedov Canal. At the bottom there is the inscription “THE BANK OF RUSSIA FOUNDED IN 1860”.

Even though this coin cannot break world largest gold coin of 100 kg by Canada, at least they try. I am still waiting for any news about Malaysia new commemorative for this year. Its been a while since Bank Negara Malaysia produce new commemorative. Maybe BNM a little bit busy with their new RM1 notes project and money museum.

Source: Central Bank of The Russian Federation, 

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