Armenian ABC issues collector’s coin to mark Commonwealth of Independent States 30th anniversary – Armenian public radio

On October 1, 2021, the Central Bank of Armenia puts into circulation the silver collector coin “30^e Anniversary of the Commonwealth of Independent States.

The Commonwealth of Independent States (CIS) is an intergovernmental union founded on December 8^e of 1991 under an agreement on the establishment of the CIS by the leaders of Belarus, Russia and Ukraine. Taking into account the common history of the peoples and the friendship they enjoyed, taking into account the intention of the countries to develop their relations on the basis of mutual recognition and respect for the sovereignty of States, the parties agreed on the formation of the IEC.

Currently, CIS members include nine states, whose main areas of combined activity are economic integration, interagency cooperation in humanitarian, political, legal and security matters, and setting up of a common information platform.

The CIS is founded on the principles of equality in the sovereignty of the member states and serves to strengthen friendship, good neighborliness policy, inter-ethnic harmony, trust, mutual understanding and cooperation between countries.

Technical specifications of the collector’s item

Face value 1000 dram

Metal / fineness silver 925⁰

Weight 33.6 g

Diameter 38.61 mm

Proof of quality

Ribbed edge

Issue quantity 500 pieces

Year of issue 2021

Obverse: the coat of arms of the Republic of Armenia, a bunch of grapes symbolizing the number of CIS member states, an Armenian ornament.

Reverse: the emblem of the CEI.

Designers: Eduard Kurghinyan (obverse), Lusine Lalayan (reverse).

The collector’s coin is minted at the Lithuanian Mint.

Opinion

Collector coins are made of precious metals and are issued to present to society the national, international, historical and cultural, spiritual and other values ​​of the country, to immortalize these values ​​in metal and to meet the demands of the numismatic market.

Like any other currency, collector coins have a face value which makes them the means of payment. However, the face value of these coins is much less than their cost price which includes the cost of the precious metal used for the coin’s making, minting and other expenses. The low face value and the high cost price make it possible to consider these coins as collector’s items and not as means of payment used in monetary circulation. Collector coins also have the selling price set by the Central Bank of Armenia.

As collector’s items, collector coins are issued in very limited quantities and are not reissued.

Numismatists, collectors and anyone interested can purchase Armenian collector’s coins in the “Numismatist” auction room which is located in the building of the Central Bank of Armenia and is open to everyone.