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1 Lats 800 Year of Coinage Right of Riga

Issuer Bank of Latvia
Year 2011
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Composition Silver (.925)
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Reverse description The reverse reproduces the design of the original medieval pfennig on a deliberately dulled or matte field, evoking the antiquity of the prototype. At the center, a crossed composition featuring a bishop's crosier and a cross — the heraldic symbol of the Archbishopric of Riga — occupies the primary field. Surrounding this emblem is the full Latin legend in abbreviated ecclesiastical form: ALBERTVS D.G. RIGENSIS EPVS MONETA NOVA ARGENTEA, translating as 'Albert, by the grace of God, Bishop of Riga, New Silver Money.' The design is framed by a beaded border along the rim, consistent with the obverse.
Reverse script Latin
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Riga's 800th anniversary fell in 2001, but Latvia used the decade that followed to issue a series of commemorative lats tied to the city's medieval founding. This piece marks the grant of city rights to Riga, traditionally dated to 1211 when Bishop Albert secured formal recognition from Philip of Swabia — a political maneuver designed as much to consolidate the Livonian church's territorial claims as to legitimize the settlement itself.

The .925 silver collector lats were a consistent vehicle for Latvian national memory during the pre-euro period, before the lats was retired in January 2014.

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