   From the history of Armenian coins: Investment coinsIn 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.   November 18, 2013PanARMENIAN.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 Marriages by mail Green tourism on the rise in Syunik This winter is ideal for it The cableway, the shoe and the unicycle    At focus More articles in this sectionThe growing trend of human microchipping  Means of control or convenience?Holy Etchmiadzin prefers solar energy Church invests in alternative energy sourcesFriendship heals Social relationships impact physical wellbeing |  Topic Other articles Latest news European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE.Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |
