Published: 15.04.2025

The cleverly-designed collector coin "Cabbage" was announced Latvia's Coin of the Year 2024 in the annual public survey. The coin highlights the deep symbolism of cabbage – it is associated with health, wealth, and well-being.

GM2024 uzvaretajs Kaposts Bank lv 950x517px

In the public survey held by Latvijas Banka and the news portal Delfi.lv from 24 March to 6 April, everyone had the opportunity to vote for the most outstanding collector coin released in 2024. Nearly 27 thousand votes were cast in this year's survey, with the coin "Cabbage" receiving almost 7000 votes.

The concept for the collector coin "Cabbage" issued in December 2024 by Latvijas Banka was created by artist and sculptor Mārtiņš Rozenfelds who submitted his design proposal to the open design competition organised by Latvijas Banka at the end of 2023.

Cabbage has become an integral part of home life and cooking. It is believed that cabbage became known in the territory that is now Latvia between the 11th and 13th centuries, and it became one of the main vegetables used in our ancestors' cooking.

In ancient Greece and Rome, cabbage was believed to have healing properties and was valued as a highly beneficial plant. Cabbage leaves are also used in traditional medicine where they are applied to the sick part of the body.

The green cabbage leaves are associated with the green of banknotes. Furthermore, the word "cabbage" is sometimes used as a metaphor for money or wealth. It was believed that eating cabbages enhances fertility, a notion that echoes the myth that babies are found or born in cabbages.

Various traditions are also associated with eating and gifting cabbage. On 26 July, the day of Anna, Latvians exchanged cabbage leaves as gifts believing this practice would increase their wealth. On the New Year's Eve, Latvians traditionally eat sauerkraut for the year's "sour" moments or failures to leave no trace.

Overall, five collector coins, each honouring Latvian culture, history, and other significant topics were issued in 2024:

The coins "Cabbage", "Across the Times", "Childhood Joy", and "Building the Unbuilt" remain available for purchase online at e-monetas.lv or in person at the Cashier's Office of Latvijas Banka.

Voters had the chance to enter a draw for 15 collector coins released in 2024. The names of the winners can be found on the website, and Latvijas Banka will personally contact each of them to arrange the delivery of their prizes.

Since 1993, Latvijas Banka has issued 98 lats collector coins and 58 euro collector coins. Overall, more than 50 artists from Latvia and 1 artist from Ukraine have participated in designing Latvian coins.

Latvian coins have received high international recognition and a number of prestigious awards; moreover, the "Coin of Latvia" won the international 2010 Coin of the Year Award at the contest organised by US numismatics publishing house Krause Publications and its magazine World Coin News. Latvian coins have excelled at this contest several times: in 2015, the silver collector coin "The Baltic Way" was the winner in the nomination the Best Contemporary Event; meanwhile, the collector coin "National Entrepreneur" was announced the winner in the category the Most Artistic Coin in 2018. At the competition Coin of the Year Awards (COTY) in 2020, the "Honey Coin", Latvijas Banka's collector coin, was announced the world's Most Artistic Coin and the Coin of the Year.

The Coin Design Commission of Latvijas Banka, which has been active since 12 November 1993, plays an important role in the coin issuing process. The Commission consists of employees of Latvijas Banka, outstanding experts in Latvian art and culture as well as artists and scientists.

"Pāri laikiem" 

Santa Sausiņa               

Raivo Stāmurs               

Guberts Vevers            

"Bērnu prieki"

Lolita Jokste     

Jānis Bebris                    

Ainārs Guļāns                

"Enerģijas monēta" 

Aivars Sīmansons                       

Sanija Robežniece                      

Laila Štāle                       

"Uzcelt neuzcelto"

Juris Sidabrs                   

Svetlana Eiduka                           

Kaspars Kravinskis       

"Kāposts" 

Andra Reinholde                         

Aiva Rudāne                   

Ainārs Leitāns

Coin of the Year 2023

The silver coin "Stardust" (video) dedicated to Imants Ziedonis, one of the most distinguished Latvian poets, was named Latvia's Coin of the Year 2023. The graphic design of the coin was created by artist Līga Kitchen.

Since 2004, when Latvijas Banka organised the first public vote, the following coins have been named Latvia's Coin of the Year: "Coin of Time", "Baron Münchhausen", "Coin of Digits", "Coin of Time II", "Lucky Coin", "Coin of Water", "Amber Coin", "Fog Mists the Pane", "5-lats Silver Collector Coin", "Baby Coin", "Baroque of Courland", "Fairy Tale Coin I. Five Cats", "Fairy Tale Coin II. Hedgehog's Coat", "Smith Forges in the Sky", "Honey Coin", "Cat's Mill", "Linden Leaf", "Coin of Luck", and "Vilhelms Purvītis".


Latest News

15.04.2025

The coin "Cabbage" becomes Latvia's Coin of the Year 2024

The cleverly-designed collector coin "Cabbage" was announced Latvia's...
11.04.2025

The first non-bank payment service provider has joined Latvijas Banka's payment system EKS

The first non-bank payment service provider has joined the Electronic...
02.04.2025

Latvijas Banka is issuing insurance licences to AS Sincera Insurance

On 2 April, the Supervision Committee of Latvijas Banka decided...
01.04.2025

The value of counterfeits decreased by a third in 2024

In 2024, 1304 counterfeit euro banknotes and coins were detected...
01.04.2025

Mandatory payee verification: the next step in enhancing security

In an era where digital payments have become integral to daily life,...
01.04.2025

The digital euro project: latest developments and public opinion

Recent geopolitical developments have intensified the debate on the...
31.03.2025

"Payment Radar": non-cash payments in Latvia have reached a record-breaking share

The most recent (spring 2025) "Payment Radar" published by...
28.03.2025

Latvijas Banka is issuing an electronic money institution operating licence to AP OPERATIONS SIA

On 26 March, the Supervision Committee of Latvijas Banka issued...
24.03.2025

Voting for the best collector coin of 2024 is open

From 24 March to 6 April 2025, Latvijas Banka, in...
11.03.2025

Latvijas Banka will also provide IBAN and beneficiary name verification at the Eurosystem level

Today, the European Central Bank (ECB) issued a statement announcing...
06.03.2025

The Saeima re-elects two Members of the Council of Latvijas Banka for the second term

Today, the Saeima re-elected Māris Kālis and Zita Zariņa for the...
05.03.2025

Working paper: The Return of Inflation: Look-Through Policy Under Incomplete Information