From the history of Armenian coins: Investment coins

From the history of Armenian coins: Investment coins

In many countries, transactions with investment coins are VAT-exempt, what makes them attractive for the population.

Investment or ingot coins refer to a special group of coins minted of precious metals: gold, silver, platinum or palladium. Their mintage is a simple process and, unlike, commemorative coins, they lack semi-precious and precious stones, colorful enamel or special wrapping. In many countries, transactions with investment coins are VAT-exempt, what makes them attractive for the population. The cost is calculated on the basis of everyday price quotation of precious metals.

PanARMENIAN.Net - The first investment coins were issued in the 19th century in France, UK, U.S. and some other countries, becoming more popular in the second half of the 20th century. Nowadays, the interest is still high, as many states tend to improve their monetary policy.

Armenia did not stay aside of the above-mentioned processes and issued the first edition of investment coins Noah’s Ark in 2011- 2012.

The Central Bank of Armenia has granted the right of striking, advertising, marketing and selling the Noah’s Ark silver investment coins to the German GEIGER EDELMETALLE GmbH. The company is engaged in precious metals mining, as well as production of bullion and investment coins made of gold, silver and platinum of various weights.

The Noah’s Ark silver investment coin is made of 99.9% silver and is produced in 1/4, 1/2, 1, 5 and 10 ounces, and 1 and 5kg weight variety.

Basic characteristics

Nominal value – 100 AMD; Weight - 1/4 ounces; Metal - 99.9% silver; Diameter - 20.18mm; Milled edge – corrugated; Quantity - up to 2 000 coins.

Nominal value – 20 000 AMD; Weight – 5kg; Metal - 99.9% silver; Diameter - 149.62mm; Milled edge – corrugated; Quantity - up to 50 000 coins.

The designer is Eduard Kurghinyan.

The material was prepared in cooperation with Gevorg Mughalyan, the numismatist of the Central Bank of Armenia.

Viktoria Araratyan / PanARMENIAN.Net
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