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HomeWorld Coin News - Portugal Commemorates Baroque Art, Malta Celebrates Bank's 50th...

World Coin News – Portugal Commemorates Baroque Art, Malta Celebrates Bank’s 50th Anniversary

CoinWeek World Coin News

Europa Star Series: Baroque

By Central Bank of Portugal ……
On April 26, 2018, Central Bank of Portugal (Banco de Portugal) will put into circulation a cupro-nickel alloy coin with a face value of €5 to commemorate the Baroque period of Western Art.

The distribution to the public will be made through the Bank of Portugal’s credit and treasury institutions.

Central Bank of Portugal: Europa Star Series: Baroque - World Coin News
Central Bank of Portugal: Europa Star Series: Baroque

The coin “The Baroque” is legal tender only within Portugal and features:

On the obverse:

  • In the background, the European star;
  • In the center, the National Shield and a decorative ornament with forms of curve and countercurve characteristics of the Baroque style;
  • On the edge of the face, the captions “Portugal” and the year of issue “2018”;
  • In the base, the symbol of the series “Europe”, the legend “INCM” and the designer’s mark.

On the reverse:

  • On top and to the left, the representation of a set of elements identifying the Baroque style, through figures with curves and countercurves and the effect of the spiral form;
  • On the right, the image of the cherub as a spiritual element and the face value;
  • Below, the inscription “The Baroque”, to legend a shell with precious stones, reflecting the antagonism between the religious and the profane.

A maximum mintage limit of 60,000 normal finish coins has been established.

50th Anniversary of the Central Bank of Malta

By Central Bank of Malta ……
On 17 April 2018 the Central Bank of Malta celebrated its 50th anniversary. To mark this important milestone the Bank has issued numismatic coins in gold and silver.

50th Anniversary of the Central Bank of Malta 10 Euro Silver Coin - World Coin News

The gold coins have a face value of €100, while the silver coins have a face value of €10. These coins are legal tender in Malta only. The €10 coin, which is limited to 2,500 pieces, is struck in silver (0.925 fine). It has a weight of 28.28g and a diameter of 38.61mm. The €100 coin is struck in gold (0.999 fine), weighs 15g and has a diameter of 26mm. The minting is limited to just 50 pieces.

The coins are struck to proof quality. They were designed and engraved by Noel Galea Bason and were struck at the Royal Dutch Mint. The reverse of the coins carries a representation of the façade of the Bank’s newly-built premises, ‘Binja Laparelli’ located within St James’s Counterguard in Valletta. The coins also bear a 50th Anniversary logo designed by Michael Grech and Daniel Galea of MCAST Arts and Design Institute. Selective gold-plating has been used on the silver coins. It is the first time that such a technique has been used on Maltese numismatic coins.

The obverse of the coins features the coat of arms of Malta together with the coins’ denomination.

The setting up of a central bank for Malta was one of the recommendations made by a United Nations team of experts in January 1964. Shortly after, on 21 September 1964, Malta gained independence from Britain. In 1967 draft legislation for the setting up of the Central Bank of Malta Act was steered through parliament and was passed in November of the same year. The Central Bank of Malta was formally established on 17 April 1968 by the coming into force of the Central Bank Act.

The silver coins to be issued on 17 April may be purchased directly from the Malta Coin Centre’s (MCC) online e-shop facility or from the main building of the Bank. The silver coin will be sold for €60. The gold coins have been allocated as per lot drawn by a public notary as announced on MCC’s website and social media during February 2018.

For further information, the public is kindly requested to contact the MCC via email or by calling (+356) 2550 6006/7.

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