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Finnish 20 markka gold coin
Out of stockTavex is proud to present historical Finnish 20 markka gold coin. Finland adopted the gold standard in ... read more
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Introduction
Tavex is proud to present historical Finnish 20 markka gold coin.
Finland adopted the gold standard in 1878, joining the international system of the gold standard that endured until the First World War. In this monetary reform, one Finnish gold markka was given the same value as the French franc. Finland continued to redeem banknotes in gold until 1915. The gold standard was reintroduced in 1926–1931, and it was abandoned again during the recession in the early 1930s. Since then, notes have no longer been redeemed in gold.
Finnish 20 markka gold coins were struck in 1878–1880, 1891, 1903, 1904, 1910–1913. They are suitable for any investor who values legacy and prefers historical gold coins.
Why Buy
- Finnish 20 markka gold coins are perfect for coin collections. These coins were the first struck gold coins after Finland adopted the gold standard in 1878.
- Finnish 20 markka gold coins are wonderful gifts. This coin comes in an affordable weight and is embellished with the beautiful coat of arms of Finland.
- Finnish 20 markka gold coins are money. They are exempt from Value Added Tax, and as such are exchangeable throughout Europe by bullion dealers and investors alike.
- Finnish 20 markka gold coins are the equivalent of savings. Finnish gold 20 marks are an ideal choice for any long-term saver who appreciates the security and stability of owning physical gold coins.
- Finnish 20 markka gold coins are an excellent way to diversify your portfolio. Gold’s low correlation with other financial assets makes markka gold coins serve as a portfolio hedge against market risk.
Buying gold items means low risks and maintaining wealth
Gold's value has grown over the years making it good to maintain or grow wealth.
- Product value (1pc)690,00 €
- Buyback price445,39 €
- Your risk now244,61 €
Fact: gold price in EUR has risen 122.44% in the last 8 years. The lowest price was 1011,47 EUR/oz and the highest 2608,00 EUR/oz. Current world market price is 2515,22 EUR/oz
History
By virtue of the gracious edict of Tsar Alexander II, issued on 4 April 1860, Finland had received its own monetary unit, the markka, tied to the Russian rouble, which itself was a fluctuating currency. The name ‘markka’ was defended by the fact that it was the oldest name for money in Finland; originally, it had been used for a medieval unit of weight.
In 1863 Johan Vilhelm Snellman was appointed Chief of Finance of the Senate. In this office, he was responsible for Finland's economic policy, and his key achievement was the pegging of the Finnish markka to the silver standard in 1865, which led to the stabilisation of the country's currency.
The monetary reform, however, did not prove sustainable, as in the 1870s the price of silver started to decline and one state after another changed over to the gold standard: Germany in 1871, Denmark and Sweden in 1873, Norway in 1875 and Finland in 1878. Russia did not adopt the gold standard until 1897.
Redemption of banknotes in gold was suspended in Finland in 1915. In 1926–1931 the gold standard prevailed again until it was abandoned as a consequence of the depression of the early 1930s. Since then, it has not been possible to exchange banknotes for gold.
Source: Bank of Finland
Product weight in grams
6.45
Gold weight in grams
5.805
Fineness
900
Gold weight in troy ounces
0.1866
Diameter
-
Thickness
-
Face value description
20 markkaa
Manufacturer
Obverse
In the centre of the obverse, the face value of the coin 20 MARKKAA and its year of issue are inscribed below the emblem. In the circle around the coin's nominal value the metal content of the coin is displayed with weight: 0,645 GRM KUPARIA (copper), 5,806 GRM KULTAA (gold).
Reverse
The reverse shows the Coat of Arms of Finland as a double-headed eagle holding a sceptre and an orb in its talons. The eagle's chest carries a shield decorated with the image of lion - the coat of arms of the Grand Duchy of Finland - an autonomous part of the Russian Empire. The crowns pictured above the eagle are adorned with ribbons. Below is the text FINLAND SUOMI.
Packaging
Each coin is individually packaged in a hard plastic capsule if desired.
Secure and fast delivery by Posti
Your order delivered by Posti and is fully insured. After we have received your payment, the products will be dispatched within 24 hours. Delivery time is within 1 or 2 working days. Posti courier will contact you via phone.
Self pick-up
You are welcome to come and collect your products at our office in Helsinki the same day that we have received your payment.
Insurance
The package is fully insured, and in the extremely unlikely case that the package is lost or damaged, we will re-ship the items or refund your money.
Packaging
The products are encased in protective wrapping and placed in a discreet, unbranded padded package.
Shipment tracking
Once the products have been packaged and sent you will receive instructions and a code to track the shipment
Delays
Should a delivery delay occur or if the ordered product is out of stock, we will always contact you by email to give you details about the delivery.
Shipping prices
The shipping charge is 18 euros per 5000 euros insured package, applicable to deliveries within Finland. If you wish to have your products delivered to another country, please contact us on +358 9 68 149 149 or by email at tavex@tavex.fi for prices and terms.
Expected shipping cost
Tavid offers easy and secure shipping for all online orders. Take a look at the expenses.
Vast Stock Availability
Tavex has the majority of products always in stock and therefore can offer you quick delivery and same day pickup with market leading prices. Tavex is an official partner for all the biggest mints in the world, such as The Perth Mint Australia, Austrian Mint (Münze Österreich), China Great Wall Coins Investments Ltd., gold bar market leader PAMP Suisse and Valcambi and other gold factories and dealers.
Same day pickup
Feel free to visit our office during opening hours to take a free consultation or learn more about a specific product. If you purchase online you can pick-up the products at the same day we receive the payment.
Low prices
Over 25 years on the market and large volumes have enabled us to offer you the best prices on the market. With Tavex you can maximise your investment’s return because of low margins and spreads.
