Central bank coins it again

Latvia's central bank (Latvijas Banka) on November 10 releases the latest in its entertaining series of special collector coins and this one has an unusual title, even compared to the bank's previous highly imaginative efforts.

The new 5 euro gold collector coin has the amazing and intriguing name: "Gold Brooches. The Disc Fibula".

Need an explanation as to what the heck that means? Luckily the bank is on hand to oblige.

"The coin replicating a 3rd–4th century disc fibula is the first in the series of euro gold collector coins dedicated to Latvia's brooches and the country's centenary. It has also been planned to issue within this series collector coins replicating the horseshoe and bubble fibulae," the bank explains.

"According to the concept of artist Ingūna Elere, the brooch featured on the coin provides centuries-old information, while the hashtags highlighting the times we live in are located on the obverse of the coin. The artist emphasizes that 'the brooch tells a story about the 3rd and 4th centuries, but the reverse of the coin – about the present day, i.e. how we communicate in the virtual environment and social networks, and how we select topics important to us,'" the bank further explains.

The coin was minted by Münze Österreich Aktiengesellschaft in Austria. 7,000 will be minted, each one costing €170.

The coins go on sale November 9, but can be reserved in advance at the bank's special website - which may prove very useful given recent revelations that central bank employees were actually buying quite a large proportion of collector coins themselves.

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