Latvia Silver Coin Melt Values - Live Calculator
The table below lists each denomination and computes live melt value from the current silver spot price of $66.52 per troy ounce.
| Coin | Face Value | Years | Fineness | Gross Weight (g) | ASW (g) | ASW (oz t) | Qty | Melt Value |
|---|---|---|---|---|---|---|---|---|
| Lats | 1 | 1923 - 1924 | 0.835 | 5 | 4.18 | 0.1342 | $0.00 | |
| Lati | 2 | 1925 - 1926 | 0.835 | 10 | 8.35 | 0.2685 | $0.00 | |
| Lati | 5 | 1929 - 1932 | 0.835 | 25 | 20.88 | 0.6711 | $0.00 | |
| Grand Total | $0.00 | |||||||
Country Silver Coin History
The history of silver coins in Latvia is a fascinating journey through time, reflecting the political and economic changes the country has undergone. Here is an overview of significant periods in the history of Latvian silver coinage:
Medieval Period
During the medieval period, Latvia was part of various regional powers, including the Livonian Confederation. Silver coins circulated widely, primarily from neighboring regions such as Germany and Sweden. The use of silver as a medium of exchange was common, but there were no distinctly Latvian silver coins during this time.
Latvian Independence (1918-1940)
Latvia declared its independence in 1918 after World War I. The newly established Republic of Latvia issued its own currency, including silver coins. In 1922, Latvia introduced the Latvian lats, which included silver coins in denominations such as 1 lats, 2 lati, and 5 lati. These coins often featured national symbols and were a significant aspect of the country's economic identity.
Soviet Occupation (1940-1991)
Latvia was occupied by the Soviet Union in 1940, and the Latvian lats was replaced by the Soviet ruble. During this period, Latvian-specific coinage ceased to exist, and Soviet coins, which did include some silver issues, were in circulation.
Restoration of Independence (1991-Present)
After regaining independence in 1991, Latvia reintroduced its national currency, the Latvian lats, in 1993. Silver coins were once again part of the currency system, with commemorative silver coins being issued to mark significant national events and anniversaries. These coins are often sought after by collectors for their historical and cultural significance.
Euro Adoption (2014)
Latvia adopted the euro on January 1, 2014. While the euro does not include specifically Latvian silver coins, the Latvijas Banka (Bank of Latvia) continues to issue commemorative silver coins that are legal tender within the euro area. These coins celebrate Latvian heritage, culture, and important events.
