One of the three Baltic states, Lithuania is situated in a region of the world with a tumultuous history. The Kingdom of Lithuania was created in 1253 and during he 14th century, the Grand Duchy of Lithuania was actually the largest country in Europe. In 1569, they formed a voluntary union with Poland that lasted for over 200 years, but surrounding countries systematically broke it up and absorbed its territory.
It wasn’t until 16 February 1918 that Lithuania’s Act of Independence formed the modern day Republic of Lithuania. It was actually the first of the former Soviet Republics to declare itself free after the fall of the Berlin Wall in 1990 so there’s a strong feeling of independence in the country. The Lithuanian Mint has struck a new coin to mark the centenary of the modern Republic and has done so with something a bit different from the norm.
Designed by Liudas Parulskis, this is a set of four, with three silver coins forming rings of diminishing size that fit within each other and the fourth is a round gold coin that sits in the middle. When assembled, they form a single coherent design. The obverse plays heavily on the Lithuanian mounted knight, with each segment having its own representation, as well as forming a larger and more subtle one when placed together. The reverse also features a pattern of radiating lines and is inscribed multiple times with a succession of important dates in the Republics history. The central gold coin features copies of the signatures of all those that signed the century old document. Each piece is dedicated to a different concept – one to the legal system, one to the armed forces, one to diplomacy and one to the signatories.
Each of the four coins is sold seperately and has a mintage of 4,000. The largest of the silver coins weighs a standard ounce (28.28g), with the inner two weighing in at 23.3g and 12.44g respectively. The overall diameter of the set is 65.0 mm. The central fine gold coin tips the scales at ¼oz. A clever and well realised set they can be purchased from the banks website or from select dealers. The combined set of four sells for €600.00, with the gold coin accounting for €375.00 of that.