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
| Project partner
 Most popular in the section
Making Zhengyalov Hats is a ceremony that is meant to bring family members and friends together.
ARARAT Visitors’ Center of Yerevan Brandy Company in association with PAN Photo Agency are launching a photo project titled ‘Frame Reshuffle’
It is traditional to greet the New Year at midnight and then celebrate at least the first few minutes in the company of friends and family.
The Scottish New Year is known as Hogmanay and both New Year's Eve and New Year's Day were also known as Daft Days.
 At focus
Govt. to allocate AMD 6,3M to cover Azeri shelling damage

Govt. to allocate AMD 6,3M to cover Azeri shelling damage The government also gave final confirmation to compensate gas, electricity and irrigation water payments to the border communities' residents.

 More articles in this section
New Year celebrations around the world. Part II The Japanese New Year Oshogatsu is an important time for family celebrations, when all the shops, factories and offices are closed.
15 years later: Armenia parliament shooting In court, the leader of the group insisted the terrorist act was meant to “rid Armenia from the anti-national regime.”
Syrian war: Armenian district in Aleppo hit by napalm bombs Napalm is a mixture of a thickening/gelling agent and petroleum or a similar fuel for use in an incendiary device.