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100 Latvian Lats gold coin
Out of stockThe Bank of Latvia has issued a gold 100 lats coin made of pure gold, its fineness ... read more
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We buy
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Introduction
The Bank of Latvia has issued a gold 100 lats coin made of pure gold, its fineness being 999. This is the first gold circulation coin in the history of the independent Republic of Latvia. The 100 lats coin was struck by the Finnish mint "Rahapaja Oy" as Latvia celebrated its 80th anniversary.
Twofold value of the coin
This is a coin of the Bank of Latvia with a face value of 100 lats and it means that you will always be able to receive goods or services for such an amount of money. However, the value of the coin’s gold content, by 1998 gold prices, also approached 100 lats. For many centuries gold has been recognised worldwide as a measurement of value. Many people still prefer to accumulate their savings in gold. Should you decide to keep a gold 100 lats coin, you would have in your possession both a 100 lats coin and a certain amount of gold as a precious metal (16.2 g). The global gold price can either increase or decrease. In case it rises at the precious metals market, the value of the coin’s gold content can exceed 100 lats. Consequently, this coin has a value that will not be lost even during a global shock.
Why Buy
Uniqueness of the coin
In the world gold coins are most often struck of gold with fineness of 900, while the standard 9162/3 is also widespread. The new 100 lats coin is made of pure gold, its fineness being 999, which means that gold admixtures are less than one thousandth. These admixtures have not been alloyed, but have remained in the gold during its refining.
Buying gold items means low risks and maintaining wealth
Gold's value has grown over the years making it good to maintain or grow wealth.
- Product value (1pc)1531,22 €
- Buyback price1277,12 €
- Your risk now254,10 €
Fact: gold price in EUR has risen 160.73% in the last 10 years. The lowest price was 919,16 EUR/oz and the highest 2577,93 EUR/oz. Current world market price is 2548,69 EUR/oz
History
Why the denomination of 100 lats
The precious metal content of the coin should be as close to its face value as possible. 100 lats is the most appropriate denomination for this coin as 16 grams of gold has the approximate worth of 100 lats and is an appropriate weight for a coin. The size and weight of the coin, while convenient for use, make it stand out in the holder’s hand or wallet.
Product weight in grams
16.2
Gold weight in grams
16.2
Fineness
999
Gold weight in troy ounces
0.52084
Diameter
24
Thickness
-
Face value description
100 lats
Manufacturer
Obverse
The large coat of arms of the Republic of Latvia, with the year 1998 inscribed below, is placed in the centre. The inscriptions LATVIJAS and REPUBLIKA, each arranged in a semicircle, are above and beneath the central motif, respectively.
Reverse
The numeral 100, intertwined with an open circle symbolizing development, is figured in the centre. The inscription LATU, arranged in a semicircle, is placed in the lower part. The coin's weight and the fineness of the metal (16.2 g Au .999) are also indicated in the lower part.
Packaging
Each coin is individually packaged in a hard plastic capsule.
Secure and Fast delivery by Omniva courier
Your order is fully insured and delivered by Omniva SIA courier. After we have received your payment, the products will be dispatched within 24 hours. Delivery time is within 1 or 2 working days. The Omniva courier will contact you via phone. If you wish, you can also personally pick up your order at one of our offices in Riga the same day we receive your payment. In cases where we are unable to send your order right away, we will always inform you about the time delay.
Insurance
The package is fully insured and in the extremely unlikely event that the package is lost or damaged, we will re-ship the items or refund your money. Insurance costs depend on the value of your order (1% of the value).
Tracking
Once the products have been packaged and sent, you will receive instructions and a code to track the shipment.
Secure and fast delivery by Omniva parcel machine system
Your order is delivered by Omniva SIA to the parcel machine you choose in the shopping cart. After we have received your payment, the products will be dispatched within 24 hours. Delivery time is within 1 or 2 working days. As soon as Omniva deliver your order to the parcel machine, you will receive instructions by text message regarding the parcel machine. If you wish, you can also personally pick up your order at one of our offices in Riga the same day we receive your payment. In cases where we are unable to send your order right away, we will always inform you about the time delay.
Insurance
The package is insured up to EUR 500 and in the extremely unlikely event that the package is lost or damaged, we will refund the value of your order, but not more than EUR 500. Insurance is included in the delivery price.
Tracking
Once the products have been packaged and sent, you will receive instructions and a code to track the shipment.
Secure international delivery
Your order is delivered by an international shipping company. After we have received your payment, the products will be dispatched within 24 hours. The delivery time depends on your location, but usually it is up to 7-14 working days. We can provide you with delivery by courier right to your door or you can pick up your order at the nearest post office. If you wish, you can also personally pick up your order at one of our offices in Riga the same day we receive your payment. In cases where we are unable to send your order right away, we will always inform you about the time delay. We hold the right to cancel your order if delivery to your destination is not possible because of any additional risks, tax or other local law restrictions.
Insurance
The package is fully insured and in the extremely unlikely event that the package is lost or damaged, we will re-ship the items or refund your money. Insurance costs depend on the value of your order (1% of the value).
Tracking
Once the products have been packaged and sent, you will receive instructions and a code to track the shipment.
Vast Stock Availability
Tavex has the majority of products always in stock and therefore can offer you quick delivery and same day pickup with market leading prices. Tavex is an official partner for all the biggest mints in the world, such as The Perth Mint Australia, Austrian Mint (Münze Österreich), China Great Wall Coins Investments Ltd., gold bar market leader PAMP Suisse and Valcambi and other gold factories and dealers.
Same day pickup
Feel free to visit our office during opening hours to take a free consultation or learn more about a specific product. If you purchase online you can pick-up the products at the same day we receive the payment.
Low prices
Over 25 years on the market and large volumes have enabled us to offer you the best prices on the market. With Tavex you can maximise your investment’s return because of low margins and spreads.
