Putin Silver 1 Kilo Coins Minted In Russia

Thursday, April 24, 2014
By Paul Martin

GoldSeek
GoldCore.com
Thursday, 24 April 2014

Russia: Putin Silver One Kilo Coins Launched
Silver coins with the face of Russian President Vladimir Putin are being minted in Russia. The coins weigh one kilogram (1kg – 2.2lb) and are being launched by the Art Grani foundry to mark Crimea’s reincorporation into Russia.

The private mint that produces the coins said it is planning to present some of them to the Russian leadership. The coins are commemorative in nature and are a limited edition of 500 silver coins initially. The factory states that some of the coins may be sold, but they won’t be used as currency.

Putin’s face is on one side of the coin while the other shows a map of the Crimean Peninsula, Moscow daily Komsomolskaya Pravda reports. Factory director Vladimir Vasyuhin explains that by bringing the Crimean peninsula “back home”, Putin had “demonstrated the qualities of a wise strategist and politician”.

“Crimea’s reunification with Russia was a historic event which we decided to embody in a souvenir collection of coins,” Vasyukhin told the Itar-Tass news agency.

The peninsula that has hosted Russia’s Black Sea fleet throughout its history was part of Russia for centuries before Ukrainian-born Soviet leader Nikita S. Khrushchev transferred it to the Ukrainian Soviet Socialist Republic in 1954.

It made little difference to which republic the peninsula belonged when all 15 were united within the Soviet Union. But after the Soviet breakup in 1991, Russia was forced to lease back its military bases from Ukraine and lost governing authority over the predominantly ethnic Russian population of 2 million.

The first issue of 25 of the commemorative coins, which are the size of a hockey puck and weigh 1 kilo each, will be given to Kremlin officials, Itar-Tass said.

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