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1 Lats
| Issuer | Latvijas Banka (Bank of Latvia) |
|---|---|
| Year | 1923-1924 |
| Type | Standard circulation coin |
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| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
| Thickness | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
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| Reverse lettering | Log in to see details |
| Edge | Milled |
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| Mintage | 1923 - - 1924 - - 10,000,000 |
| Additional information |
Latvia's lats was introduced in 1922 to replace the Latvian rublis, itself a stopgap currency issued after independence from Russia in 1918. The Bank of Latvia contracted the initial silver coinage to the British Royal Mint and the Huguenin Frères workshop in Le Locle, Switzerland — the 1923–1924 one-lats pieces coming from the latter. Newly independent states rarely had domestic minting capacity, and Latvia was no exception.
The .835 fineness matches the contemporary standard across much of interwar Europe, aligned loosely with Latin Monetary Union specifications even though Latvia was never a member.