Competition was tough for the Coin of the Year (COTY) competitors this year.
The 10 category wins had numerous close calls in voting, with Canada, Ukraine, and Austria all pulling ahead with multiple wins.
The Coin of the Year program is an internationally conducted competition presented by World Coin News to recognize and encourage outstanding coin design and innovation worldwide. The 2023 program, sponsored by The Journal of East Asian Numismatics, honors coins dated 2021 in 10 categories of competition as decided by an international panel of judges.
The COTY staff waited not-so-patiently for the results to come in. With more than 100 individuals carefully selected for the judges panel from all over the world, it was anyone’s guess on who would come out on top. Winning by a landslide by the time the last vote was counted was the Ukrainian 30th Anniversary of Ukraine’s Independence.
“Interest in Ukrainian coinage ran high with the COTY Nominating Committee in this year’s competition as the National Bank of Ukraine’s Banknote Printing and Minting Works received seven nominations through six of the 10 categories. The Judges Panel also took great interest in these selections, voting them into wins for Best Contemporary Coin and Most Artistic Coin,” stated Thomas Michael, COTY coordinator, World Coin News contributor, and NumisMaster market analyst.
The winning coin has a stunning design, worthy of its Most Artistic category win. On the obverse, storks are seen flying over a field of traditional Ukrainian textile patterns. Ukraine’s coat of arms sits at the top of the design. The reverse features an embroidered band resembling a strand of DNA, symbolizing the nation’s code.
“A delicately colorized and beautifully designed 5 Hryvnias, the Most Artistic Coin winner, commemorating the 30th Anniversary of Ukraine’s Independence, won the top COTY award by a landslide in which the coin received 30 percent of total votes, more than doubling its closest competitor. It is very unusual for the overall COTY Champion to win by that large a margin,” said Michael.
Alongside their overall win, Ukraine also stole the spotlight in the Best Contemporary Event category with their coin celebrating the 25th Anniversary of the Ukrainian Constitution.
They weren’t the only country to take home multiple awards this year. Canada took the lead in both the Best Crown and Best Circulating categories with their yin yang Grey Wolf and 100th Anniversary of Bluenose coins, respectively. Last year, Austria took home three category wins as well as the overall award, but their competition was a lot harder this year. Still, they snagged the Best Bi-Metallic category with their Silver-Niobium Smart Mobility coin and the Most Innovative category with a wavy S-shaped coin depicting the milky way.
This year’s COTY competition also saw a first win for Tokelau, which took the Most Inspirational category. All in all, the category winners presented a tough challenge for the judges this year.
A ceremony will be held to honor the 2023 COTY winners.
2022 Coin of the Year (COTY) Winners
BEST GOLD COIN
100 Dollar, Gold
BEST CROWN COIN
20 Dollar; Silver, Gold and Black Rhodium Plating
The Grey Wolf – Black and Gold
MOST INNOVATIVE COIN
20 Euro, Silver
The Milky Way
BEST CIRCULATING COIN
10 Cents, Nickel-Plated Steel
100th Anniversary – Bluenose
BEST BI-METALLIC COIN
25 Euro, Silver – Niobium
MOST HISTORICALLY SIGNIFICANT COIN
50 Pence, Silver
Centenary – Discovery of Insulin
MOST INSPIRATIONAL COIN
20 New Zealand Dollars, Silver
The Next Evolution
BEST SILVER COIN
20 Yuan, Silver
Auspicious Culture – Swans
BEST CONTEMPORARY EVENT COIN
10 Hryvnias, Silver
25th Anniversary – Ukrainian Constitution
A special thank you to the 2023 Coin of the Year awards sponsor, The Journal of East Asian Numismatics.
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About Coin of the Year
The Coin of the Year awards program is an internationally conducted competition sponsored by World Coin News, a division of Active Interest Media, to provide recognition of outstanding coin design and marketing efforts worldwide, and to stimulate other governments to greater participation in both areas.
About World Coin News
The fascinating history and details of world coins are brought to life monthly in World Coin News, a leading authority on world coins. The magazine reports on new issues, auctions, and other coin news from around the world. Its experts provide in-depth historical information on coins and the countries that issue them.