Armenia’s Central Bank issues ‘Five Years of Eurasian Economic Union’ collector coin
YEREVAN, SEPTEMBER 12, ARMENPRESS. The Central Bank of Armenia issued “Five Years of Eurasian Economic Union” collector coin, the CBA told Armenpress.
The Treaty on the Eurasian Economic Union (EAEU) came into force on January 1, 2015. The EAEU member-states are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic and the Russian Federation.
This jubilee year of 2019 marks the 5th anniversary of signing the EAEU Treaty and the 25th anniversary of envisioning the idea of Eurasian integration.
In 2019, the regular meeting of the Eurasian Supreme Economic Council is hosted by the Republic of Armenia.
Obverse: the coat of arms of the Republic of Armenia and the images of sails and stars corresponding to quantity of the EAEU member-states.
Reverse: the EAEU logotype and stylized images of the EAEU member-states’ flags.
Designed by Eduard Kurghinyan
Minted in the Royal Dutch Mint
Face value 1000
Metal/fineness silver 925
Collector coins are made of precious metals and are issued to present to the society the national, international, historical and cultural, spiritual and other values of the country, to immortalize these values in the metal and to meet the demands of the numismatic market.
Like any other currency the collector coins have face value which makes them the means of payment. However, the face value of these coins is much lower that their cost price which includes the cost of the precious metal used for manufacturing of the coin, mintage and other expenses. Low face value and high cost price allow these coins to be considered as the items of collection and not the means of payment used in money circulation. The collector coins have also the sale price set by the Central Bank of Armenia.
As the items of collection the collector coins are issued in very restricted quantities and are not reissued.
Numismatists, collectors and all interested persons can buy the Armenian collector coins in the sales salon “Numismatist” which is in the building of the Central Bank of Armenia and is open for everyone.